Mark Meyer (London) and Brian Green (New York) of EAPD will attend the Aviation Insurance Association’s Annual Conference in Vancouver, Canada, which begins on Saturday, June 12.
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United Kingdom
UK: Subrogation and Conditional Fee Agreements
In Sousa v London Borough of Waltham Forest (CC (Leeds) (John Behrens) 12/1/2010) the court found that an insurer, having brought a subrogated claim, was entitled to recover from the defendant a success fee paid under a Conditional Fee Agreement (CFA) as part of the insurer’s costs of the subrogated claim, in which the insurer had been successful. …
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UK: Northern Ireland to Bring Back Compensation for Pleural Plaques
The Northern Ireland Executive has published its analysis of the responses to its consultation paper on pleural plaques. The paper is the latest from Northern Ireland in the wake of the House of Lords’ decision in Johnson v NEI International Combustion [2007] UKHL 39 which found that asymptomatic pleural plaques were not compensatable. …
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UK: High Court confirms operation of the anti-deprivation principle
In Justin Mayhew v (1) Philip King (2) Milbank Trucks Ltd (Defendants) & Chaucer Insurance plc (Third Party and Part 20 Claimant) v Towergate Stafford Knight Company Limited & Ors Sir Edward Evans-Lombe held that a term of a settlement agreement which stated that a right to an indemnity would cease if the party with the benefit of the indemnity went into administration was contrary to the anti-deprivation principle and would be struck out. …
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UK: Court of Appeal Rules on VAT Exemption for Insurance Intermediaries
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UK: Report published on anti-bribery and corruption in commercial insurance broking
The Financial Services Authority (FSA) has recently published a report entitled “Anti-bribery and corruption in commercial insurance broking: Reducing the risk of illicit payments or inducements to third parties“. …
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UK: Court of Appeal seeks guidance from Europe on an insurer’s right of recovery under the Road Traffic Act 1988
UK: Court Considers the Recoverability of After the Event Insurance Premium
In the case of Kris Motor Spares Limited v Fox Williams LLP [2010] EWHC 1008 the High Court was asked to consider whether the successful party’s after the event insurance premium was reasonable and as such could be recovered from the other side. …
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UK: Court of Appeal rules on causation issues following negligent professional advice
In Levicom International Holdings BV and anr v Linklaters (a firm) [2010] EWCA Civ 494, Levicom appealed against the first instance decision of Mr Justice Andrew Smith that, although Linklaters had negligently advised Levicom, Levicom had suffered no damage as a consequence because it would have proceeded in the manner that it had even if it had received non-negligent or proper advice. …
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UK: Commercial Court Considers Follow the Settlements Clause, Allocation and Recoverability of IBNR
IRB Brasil Ressegurous SA v CX Reinsurance Company Ltd [2010] EWHC 974 (Comm) concerned an appeal brought by IRB in relation to an arbitration award made in favour of CX Re and against IRB. The claims arose from losses occurring in the 1970s and 1980s which were later settled by insurers, including CX Re. …
Read More UK: Commercial Court Considers Follow the Settlements Clause, Allocation and Recoverability of IBNR