A fully defended foreign judgment against an insurer was binding on the re-insurer, but insurer must show that the settlement was properly entered into.
cw Exxon claimed clean-up expenses in Texas. The plaintiffs settled on the basis that they would be liable to Exxon in Texas. Excess of loss reinsurance. How should liability of plaintiffs be assessed? Relevance of liability in Texas. Liability of reinsurer. Reinsurer liable on basis of liability in Texas.
Citations:
Times 19-Mar-1998, [1998] EWCA Civ 467, [1998] 2 Lloyd’s Rep 600, [1998] 2 All ER 434, [1998] CLC 920, [1998] Lloyd’s Rep IR 439
Links:
Jurisdiction:
England and Wales
Citing:
Reversed on Appeal from – Commercial Union Assurance Company PLC v NRG Victory Reinsurance Ltd ComC 1-Aug-1995
Exxon claim clean-up expenses in Texas. Plaintiffs settle on basis would be liable to Exxon in Texas. Excess of loss reinsurance. How should liability of plaintiffs be assessed? Relevance of liability in Texas. Liability of reinsurer. Reinsurer . .
Cited by:
Reversed on appeal to – Commercial Union Assurance Company PLC v NRG Victory Reinsurance Ltd ComC 1-Aug-1995
Exxon claim clean-up expenses in Texas. Plaintiffs settle on basis would be liable to Exxon in Texas. Excess of loss reinsurance. How should liability of plaintiffs be assessed? Relevance of liability in Texas. Liability of reinsurer. Reinsurer . .
Lists of cited by and citing cases may be incomplete.
Insurance
Updated: 14 November 2022; Ref: scu.143945