000 01162cab a2200241 4500
001 ABS68444
008 041125n2004 000 0 eng u
035 _a(Sirsi) u128149
100 _aJohnson, D.
245 _aNo room for horse traders
260 _c2004
490 _aBuilding
_v269(8356) 5 November 2004, 52-53(2)
520 _aDiscusses 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.
590 _aABS
650 _aLUMBERMENS MUTUAL CASULTY CO V BOVIS LEND LEASE
650 _aLIABILITY INSURANCE
650 _aGLOBAL CLAIMS
650 _aINSURED RISK
650 _aBRAEHEAD RETAIL AND LEISURE CENTRE
650 _aGLASGOW
690 _aInsurance
_96249
942 _n0
999 _c74635
_d74635