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Philippine insurer is not entitled to stay of London reinsurers’ declaratory coverage action regarding vessel sinking
- Jorden Burt LLP
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- Philippines, United Kingdom
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- 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
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- USA
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- 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
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- USA
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- 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
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- USA
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- 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
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- USA
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- 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
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- United Kingdom
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- 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
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- 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
