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Insurance contract law reform: recent developments and the road ahead

Edwards Wildman Palmer LLP
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United Kingdom
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March 9 2011

In our September 2010 issue of Insurance and Reinsurance Review, we reported on the Law Commission's proposed amendments to the duty of good faith as set out in Issues Papers 6 and 7

English High Court rules on permissibility of an appeal against an arbitral award on a point of foreign law

Edwards Wildman Palmer LLP
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United Kingdom
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November 18 2010

In Guangzhou Dockyards Co Ltd v ENE Aegialii 2010 EWHC 2826 (Comm), Mr Justice Blair dismissed an application which had sought to appeal against an arbitration award on an issue of fact

English Commercial Court considers the effect of sanctions on a P&I club

Edwards Wildman Palmer LLP
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United Kingdom
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November 10 2010

In Islamic Republic of Iran Shipping Lines v Steamship Mutual Underwriting Association (Bermuda) Limited 2010 EWHC 2661 (Comm) the Commercial Court had to assess the impact of the Financial Restrictions (Iran) Order 2009 (the Order), and a licence made under it (the Licence), on the provision of marine professional and indemnity (P&I) insurance

Law Commission publishes Issues Paper 9 proposing repeal of the need for a formal marine policy

Edwards Wildman Palmer LLP
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United Kingdom
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November 5 2010

On 29 October 2010, the Law Commission published an Issues Paper on whether the requirement for a formal marine policy under section 22 of the Marine Insurance Act 1906 should be repealed

Underwriters obliged to disclose confidential documents following fraud by third party

Edwards Wildman Palmer LLP
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United Kingdom
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November 4 2010

Underwriters can be ordered to disclose documents related to an application against them for a third party costs order under the Senior Courts Act s

Marine insurance - non-disclosure and seaworthiness

Edwards Wildman Palmer LLP
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United Kingdom
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November 3 2010

Garnat Trading & Shipping (Singapore) PTE LTD (Garnat) and Vung Tau Shipbuilding Industry Joint-Stock Company (Vung Tau) v Baominh Insurance Corporation (Baominh) 2010 EWHC 2578 (Comm), concerned the loss of a floating dock (carrying a floating workshop) which sank in the course of being towed on a voyage from Vladivostok in Russia to Vung Tau in Vietnam

Lloyd's will not insure or reinsure petroleum shipments to Iran

Edwards Wildman Palmer LLP
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United Kingdom
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July 13 2010

According to a recent Reuters article, Lloyd's of London, the world's largest insurance market, has said it will comply with sanctions signed into law by President Obama on July 1

The problem of piracy reaches the English High Court

Edwards Wildman Palmer LLP
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United Kingdom
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July 2 2010

The case of Cosco Bulk Carrier Co. Ltd v Team-Up Owning Co. Ltd 2010 EWHC 1340 (Comm) was an appeal to the High Court of a decision by an arbitration panel

Court of Appeal seeks guidance from Europe on an insurer's right of recovery under the Road Traffic Act 1988

Edwards Wildman Palmer LLP
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United Kingdom
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May 26 2010

The Court of Appeal has asked for guidance from the Court of Justice of the European Union on the compatibility with Community law of a provision in the Road Traffic Act 1988 (the RTA) governing an insurer's right of recovery

London insurers: Iran on high risk area list as sanctions loom

Edwards Wildman Palmer LLP
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Iran, United Kingdom
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March 31 2010

According to a recent report from Reuters, London's marine insurance market has added Iran to a list of areas deemed high risk