No room for horse traders
Johnson, D.
No room for horse traders - 2004 - Building 269(8356) 5 November 2004, 52-53(2) .
Discusses the consequences of "Lumbermens Mutual Casualty Co v Bovis Lend Lease Ltd" ([2004] EWHC 2197 (Comm), [2005] BLR 47)). Here the method of settling a dispute with a simple 'global figure' was called into question as the judge argued that a settlement of this type did not satisfy the requirement of loss under a liability insurance policy. To give rise to such a claim, the insured's liability to third party must be ascertained and determined to exist by a court judgment, arbitrators award or a settlement agreement.
LUMBERMENS MUTUAL CASULTY CO V BOVIS LEND LEASE
LIABILITY INSURANCE
GLOBAL CLAIMS
INSURED RISK
BRAEHEAD RETAIL AND LEISURE CENTRE
GLASGOW
No room for horse traders - 2004 - Building 269(8356) 5 November 2004, 52-53(2) .
Discusses the consequences of "Lumbermens Mutual Casualty Co v Bovis Lend Lease Ltd" ([2004] EWHC 2197 (Comm), [2005] BLR 47)). Here the method of settling a dispute with a simple 'global figure' was called into question as the judge argued that a settlement of this type did not satisfy the requirement of loss under a liability insurance policy. To give rise to such a claim, the insured's liability to third party must be ascertained and determined to exist by a court judgment, arbitrators award or a settlement agreement.
LUMBERMENS MUTUAL CASULTY CO V BOVIS LEND LEASE
LIABILITY INSURANCE
GLOBAL CLAIMS
INSURED RISK
BRAEHEAD RETAIL AND LEISURE CENTRE
GLASGOW