Revision of the Swiss Federal Law on the Insurance Contract (ICA“Insurance Contract Act”): what's new
On 19 June 2020, the Parliament approved the revision of the ICA. The Federal Council brought the revised ICA into force with effect from 1. January 2022. The Act governs the relationship between insurance companies and their clients. The originale Act is quite old (1908) and needed a revision.
What will change?
COVID-19 SITUATION: THE OMBUDSMAN WILL PUBLISH HIS LEGAL OPINION BY MAY 15th
The long-awaited legal report of the Ombudsman, in which many have turned to denouncing their insurer's refusal of benefits for the economic losses due to the closure and detentions imposed since March 15th, will be made public by May 15th. Insurers are already holding thie report: all the insurance companies are evaluating how to react and are preparing a strategy to offer a speedy liquidation, without prejudice to the question relating to the conditions of the insurance policies, in order to avoid to procrastinate any longer their final decision and consequent bad feelings. Someone has already come out with a decision, while others will do it in days. The feelings are positive: the insurers have understood the exceptional nature of the event and will likely show that they are flexible in a similar circumstance. Not least with a thought aimed at the protection of their own image.
For those who have not yet proceeded to notify the case to his own insurer, or if in possession of a refusal to submit to the Ombudsman, please feel free to contact us any time: we will be happy to assist and support you.
If you prefer to contact the Ombudsman directly, we provide you with the Ombudsman's contacts for Italian-speaking Switzerland:
Tel. 091 967 17 83
Contact us: we are at your disposal, for any support or advice.
Together to return to normal! We are there