As previously reported here, the Third Parties (Rights against Insurers) Bill was introduced into Parliament in November 2009. It is designed, in particular, to remedy the shortcomings of current legislation in protecting the rights of third party claimants against insurers of the liabilities of insolvent defendants.

The Bill completed its passage through the House of Lords on 1 March 2010 and had its Second Reading in the House of Commons on 10 March 2010.  Little debate was raised in the Commons at the Committee and Report Stages or the Third Reading.  The Bill was described as a welcome piece of legislation that was lacking both complexity and political controversy.

The Bill received Royal Assent on 25th March 2010 and is now, as an Act of Parliament, part of the Law of England and Wales, Northern Ireland and Scotland.