Last week, the Forum of Insurance Lawyers (FOIL) elected James Heath as its new President.[i]
Since then, the Civil Liability Bill has passed through the House of Lords without compromise. Royal Assent is expected to be granted within a matter of days and the Act is scheduled to enter into force in April 2020.[ii]
Over the next 12 months, FOIL will support insurance and reinsurance law firms as the Government reforms the personal injury discount rate and the small claims limit for whiplash and all other personal injury claims in accompanying secondary legislation.
FOIL will also play a part in the post-implementation review of Part 2 of LASPO, which is being undertaken by the Ministry of Justice (MoJ). We previously discussed the five main areas of MoJ review in edition 236 of BC Disease News (here).
As well as overseeing regulatory change, Mr Heath will also supervise London FOIL. This newly launched division will provide a collective legal voice for the London and Lloyd’s market.
In the wake of the latest Presidential appointment, Chief Executive of FOIL, Laurence Besemer, assured that:
‘FOIL will continue to pursue a detailed examination of the issues, and full engagement in the reform programme and with insurers, both reacting to proposals put forward and setting a pro-active agenda for change’.
[i] Mark Dugdale, ‘FOIL elects James Heath as new president’ (15 November 2018 Claims Mag) <http://www.claimsmag.co.uk/2018/11/foil-elects-james-heath-as-new-president/11921> accessed 19 November 2018.
[ii] Paul Lucas, ‘Civil Liability Bill rubber-stamped: insurance industry reacts’ (21 November 2018 Insurance Business) <https://www.insurancebusinessmag.com/uk/news/breaking-news/civil-liability-bill-rubberstamped-insurance-industry-reacts-116785.aspx> accessed 22 November 2018.