Davies Group exec sees Enterprise Act 'nerves'

A top executive at outsourced claims handler Davies Group has
noted widespread uncertainty among insurers ahead of the
implementation of UK legislation that could penalise them for the
late payment of claims.
Mark Grocott, who is property managing director and chief
technology officer at Davies, was speaking to The
Insurance Insider before the 4 May introduction of
the Enterprise Act.
The new law will make insurers liable for additional losses if
claims aren't settled within a "reasonable" perio