Trinidad and Tobago – There had been a road traffic accident leading to the loss of several lives. The insurer of the negligent party resisted paying out more in damages, saying that its liability was limited to $1m, and: ‘The principal issue in this appeal is whether an insurance company, before it pays third party claims under an insurance policy which has a contractual monetary limit on the aggregate of claims arising out of one event which equates with the statutory minimum cover, must (a) ascertain the total claims arising from the event and (b) where the total exceeds the limit, devise a scheme for the proportionate payment of the claims.’
Lord Mance, Lord Clarke, Lord Sumption, Lord Carnwath, Lord Hodge
[2015] UKPC 22
Bailii
Commonwealth
Insurance, Road Traffic
Updated: 30 December 2021; Ref: scu.546864
