The Nottingham Insurance Institute will stage a special mock insurance trial that aims to highlight the potential pitfalls of cyber crime and the expected impact of the new Insurance Act to be enforced later this year.
The two-hour mock trial on May 3 will focus on a hypothetical cyber-related claim that has been subsequently rejected by an insurer. The event seeks to deliver training in preparation for the regulation changes.
Expert barristers from Nottingham’s Ropewalk Chambers including James Howlett, Gareth McAloon and John Campbell, will look to establish if the decision can be upheld given the new legislation in place. Also joining the team is Aaron Yates from Leicester based cyber-crime expert Berea Associates.
The event is a project of Caroline Bramhall, training and competency manager at leading broker firm Russell Scanlan and Adam Edwards, an associate at law firm Browne Jacobson.
“The new Act and cyber-crime are topics which couldn’t be more relevant to the UK’s businesses at present, hitting the national news agenda on a weekly basis,” Bramhall said.
“It will be essential for individuals and businesses to keep on top of the Insurance Act to ensure they don’t fall foul of the new law and we hope the mock trial will reflect that,” he added.
Robert Fletcher, National President of the Chartered Institute of Insurance will attend the trial along with Cath Ball, the institution’s regional president.
Ball said the event “is sure to act as an important practical training tool for all of those taking part and attending.”
The mock trial has attracted over 60 bookings from Nottingham’s insurance and the wider business community. The audience at the event will vote on the final judgement.