Parties syndicating finance for a film obtained the security of an insurance which is designed to pay up to the sum insured, if the revenues generated by the film were insufficient to repay the loan finance plus associated expenses. The polices were supported by a ‘truth of statement’ policy, and the issue was the extent to which that applied as between the insurers and their own re-insurers.
Judges:
Lord Justice Aldous Lord Justice Rix And Mr Justice Lloyd
Citations:
[2001] EWCA Civ 1250, [2001] 2 Lloyds Law Reports 161
Links:
Jurisdiction:
England and Wales
Citing:
Appeal from – HIH Casualty and General Insurance Ltd and Others v Chase Manhattan Bank and Others QBD 19-Sep-2000
As a contract for speculation, a duty of utmost good faith is not implied in a contract insurance. The duty of disclosure by an insured can be limited by the contract as can the freedom of the insurance company to avoid liability. If the wording is . .
See also – HIH Casualty and General Insurance Limited v New Hampshire Insurance Company Independent Insurance Company Limited Axa Reinsurance S A CA 21-May-2001
A claim was made under a re-insurance policy which supported film finances. The re-insurers resisted the claim on the grounds of misrepresentation. Rix LJ: ‘In principle it would seem to me that it is always admissible to look at prior contracts as . .
Cited – Mark Rowlands v Berni Inns Ltd CA 1985
The plaintiff owned the freehold and had let the basement to the defendant. The plaintiff insured the building. The defendant covenanted to pay to the plaintiff an insurance rent equal to the proportionate cost of insuring the part of the building . .
Cited by:
Appeal from – HIH Casualty and General Insurance Limited and others v Chase Manhattan Bank and others HL 20-Feb-2003
The insurance company had paid claims on policies used to underwrite the production of TV films. The re-insurers resisted the claims against them by the insurers on the grounds of non-disclosure by the insured, or in the alternative damages for . .
See also – HIH Casualty and General Insurance Limited v New Hampshire Insurance Company Independent Insurance Company Limited Axa Reinsurance S A CA 21-May-2001
A claim was made under a re-insurance policy which supported film finances. The re-insurers resisted the claim on the grounds of misrepresentation. Rix LJ: ‘In principle it would seem to me that it is always admissible to look at prior contracts as . .
Cited – Regus (UK) Ltd v Epcot Solutions Ltd CA 15-Apr-2008
The appellant had contracted to provide office accomodation to the defendant. The air conditioning did not work and there were other defects. The appellant now challenged a finding of liability and that its contract terms which were said to totally . .
Lists of cited by and citing cases may be incomplete.
Insurance, Media
Updated: 06 June 2022; Ref: scu.171343