Countrywide Assured Group plc and others v Marshall and others (AIG Europe (UK) Ltd and others intervening): QBD 15 Oct 2002

The claimants sought payments under professional indemnity policies, allowing for excesses on individual claims. The insurer sought to limit its overall liability to any policy holder saying that the acts of mis-selling were to be viewed as part of a series, being ‘occurrences of a series [of claims] attributable to one source or original cause.’
Held: The words were clear. The excesses were not to be aggregated, but the claims for the purposes of the limit were to be aggregated. The plain meaning of the words should not be distorted.


Morrison J


Gazette 14-Nov-2002


England and Wales

Insurance, Professional Negligence

Updated: 28 May 2022; Ref: scu.178144