In recent time, the insurance market is exposed to a practice implemented by insurance agents of promoting new products to customers of their former Insurance Company. Such conduct exposes the agent to the risk of receiving compensation claims from the insurance company, which suffers a reduction in its customer portfolio. In this regard, the court rulings […]
With a communication published on IVASS’s website on June 30, 2020 the Authority informed companies and intermediaries about the reinstatement of the normal deadlines for handling complaints and requests for information, that companies will receive from July 1, 2020. As a consequence of the above, following the notices published on IVASS website on March 23 […]
With decision no. 11092 of June 10, 2020, the Third Civil Section of the Court of Cassation ruled out that a twisted interpretation of the insurance contract could be considered suitable to deny insurance cover, recalling the obligation of good faith and fairness as criteria for the interpretation of the contract. In particular, in the […]
Recently, the Supreme Court has once again ruled on the issue of claims made clauses, with two rulings that seem to oppose each other. These are ruling No 8117 of April 23, 2020 and ruling No 8894 of May 13, 2020. ON THE VALIDITY OF THE CLAIMS MADE CLAUSES With ruling no. 8117 of April […]
In May 2019, the Italian National Union of Shipyards and Nautical Industries (“UCINA”), in the light of a new interpretation of the EU customs legislation, started discussions with the Italian Customs Agency regarding Commercial Yachts and YETs (Yachts Engaged in Trade) registered in a non-EU member state. UCINA requested the Italian tax authorities to clarify […]
