Court of Appeal judgment on the need for a “causal link” between notification under a professional indemnity insurance policy and subsequent claim
The judgment relates to 'Euro Pools Plc (in administration) v Royal & Sun Alliance Insurance Plc' and is significant as it is the first occasion on which the Court of Appeal has addressed the notification of circumstances in the professional indemnity insurance context since 2008
Insurance Premium Tax to Increase to 12% from 1st June 2017
From 1st June 2017 the tax on insurance, insurance premium tax (“IPT”), will increase from 10% to 12%.