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Results: 1-7 of 7

Philippine insurer is not entitled to stay of London reinsurers’ declaratory coverage action regarding vessel sinking

  • Jorden Burt LLP
  • -
  • Philippines, United Kingdom
  • -
  • October 30 2012

A consortium of London reinsurers are seeking a declaration from an English court regarding their duty to indemnify Philippine insurer Oriental Insurance Company for losses resulting from the sinking of a cargo passenger ship during Typhoon Frank in 2008

Doctrine of uberrimae fidei ends insured’s claim for benefits under maritime policy

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 3 2011

The Ninth Circuit affirmed summary judgment for defendant insurer United Specialty Insurance Company based on the admiralty doctrine of uberrimae fidei or "utmost good faith," a doctrine sometimes used in reinsurance arrangements

Appeals court derails attempt to vacate arbitration award

  • Jorden Burt LLP
  • -
  • USA
  • -
  • December 21 2010

Burlington Northern and Santa Fe Railway Company (BNSF) and the Public Service Company of Oklahoma (PSO) entered into a long-term agreement in 1985 pertaining to the transport of coal

State statutory bad faith claim against insurer denied on basis of choice of law provision requiring application of Mexican law

  • Jorden Burt LLP
  • -
  • USA
  • -
  • November 10 2010

Deep Sea Financing, LLC filed suit against British Marine as an alleged loss payee under a policy of marine hull insurance issued by British Marine to Dragados Mundiales del Caribe S.A. de C.V., covering a dredge and other equipment owned by Dragados

Court refuses blanket materiality rule for insurance application misrepresentations

  • Jorden Burt LLP
  • -
  • USA
  • -
  • February 16 2009

The parties in this case moved for summary judgment as to whether the theft of Defendants' boat was covered under a maritime insurance policy

UK Court of Appeals dismisses reinsurer’s appeal of decision finding creation of reinsurance contract prior to casualty

  • Jorden Burt LLP
  • -
  • United Kingdom
  • -
  • January 27 2009

We previously posted on November 12, 2008 about a British court's decision holding that a reinsurance contract was created prior to a putatively covered ocean-going casualty, based on certain written exchanges between the parties reflecting their negotiations

UK court construes parties’ intent in creating reinsurance contract against reinsurer

  • Jorden Burt LLP
  • -
  • United Kingdom
  • -
  • November 12 2008

Allianz Insurance Company of Egypt (“Allianz”) sued its reinsurer, Aigaion Insurance Company S.A. (“Aigaion”), for US $675,000 arising from the constructive loss of the ocean-going vessel “Ocean Dirk,” one of several scheduled ships under the reinsurance contract