Insurance – duty of insurance brokers – claim by bank against insurance brokers for alleged breach of duty of care owed to bank – brokers employed by ship owners.
Held: brokers owed bank a duty of care not to mislead the bank and to ensure that the bank was not labouring under a misapprehension – brokers in breach – bank entitled to recover damages on the basis that but for breach, when she became a CTL, the ship ‘STOLIDI’ would have been insured for 100% instead of 21.5%.
Judges:
Clarke J
Citations:
Unreported, 7 October 1997
Jurisdiction:
England and Wales
Insurance
Updated: 13 May 2022; Ref: scu.220801
