The Great Fire of London was finally extinguished 350 years ago today. New insurance structures emerged in the aftermath of the Great Fire – which bear striking resemblance to some of ...05 September 2016
UK: Zurich Insurance PLC UK Branch (Appellant) v International Energy Group Limited (Respondent)
The Supreme Court unanimously held that the rule of pro rata liability for the period of exposure, established in Barker v Corus (UK) plc  UKHL 20, continues to apply in Guernsey and therefore Zurich was only liable to pay compensation in proportion to the period of cover it provided to IEG. Had Guernsey had an equivalent to the Compensation Act 2006 (which reversed Barker in the United Kingdom), by a 4-3 majority, the Court held that Zurich would have been liable for the full 100% loss, but with a right of recovery pro rata from other insurers and/or IEG to reflect the fact that it had only insured IEG for six of 27 years of exposure to asbestos.
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The Insurance Act 2015 (the "Act") comes into force tomorrow. It represents a fundamental departure from existing insurance law. The changes impact on a number of key areas which are...11 August 2016
The Supreme Court published two judgments on how dishonesty affects insurance claims before the end of the most recent Trinity term:10 August 2016