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The insurer failed to show that a clause in an appointed representative agreement that allowed it to set off sums due to it against sums payable but prevented the appointed representative from doing the same was fair and reasonable in all the circumstances....
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An insurance broker must be satisfied that the client fully understands the duty of disclosure. This will usually require a specific oral or written exchange when the insurance is first taken out and at renewal.
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Cover for commercial property management did not include property valuation. The insured did not act unreasonably when it relied on the broker's summary of the "essential features" of the cover instead of reading a detailed renewal report.
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Damages representing what the claimants would have recovered from insurers were awarded against a broker who failed to obtain appropriate cover for bailed goods. The claimants had the same duty to account to the owners of the goods as if the damages were insurance...
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The court gave directions to the liquidators of an insurance intermediary on how to deal with claims brought by policyholders who had been sold unlawful travel insurance policies.
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The Court of Appeal confirmed that, in the absence of clear terms in an underwriting agency agreement, the agent was not entitled to handle run-off claims after termination against the wishes of the principal.