Guidance on reinstatement conditions from UK Court of Appeal

Guidance on reinstatement conditions from UK Court of Appeal

Great Lakes Reinsurance (UK) SE v Western Trading Ltd  [2016] EWCA Civ 1003

The decision considered the enforceability of clauses in an insurance policy that made payment of reinstatement costs conditional on the insured first incurring these costs itself, and commencing work in a reasonable time. Also considered was the position where it is unclear if the insured genuinely intends to reinstate the damaged property.

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Prattley Enterprises Ltd v Vero Insurance New Zealand Ltd

Prattley Enterprises Ltd v Vero Insurance New Zealand Ltd

[2016] NZCA 67, 14 March 2016

The Court of Appeal’s recent decision in Prattley Enterprises Limited v Vero Insurance New Zealand Limited [2016] NZCA 67 provides welcome certainty to insurers on the issue of validity of settlement agreements.

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