No room for horse traders
Series: Building ; 269(8356) 5 November 2004, 52-53(2)Publication details: 2004Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68444 (Browse shelf(Opens below)) | 1 | Available | 128149-1001 |
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.