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MARINE AND ENERGY INSURANCE

UK Supreme Court overturns ruling on “fraudulent device”

A vessel is incapacitated by an ingress of water which floods the engine by way of a faulty sea-water inlet valve in the bow thruster space. It is unsurprising that sceptical underwriters mount an investigation. The witnesses are proffered for interview and a theory developed to explain the steps required for the water to reach […]

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Costa Concordia
Marine Insurance and Late Payment of Claims   »

Provisions of the Enterprise Bill 2015 propose¬†to reform the law of late payment of insurance claims. The reform may have little effect on marine insurance in general. However, in the case of claims under maritime liability conventions, insurers need to be wary of their obligations to claimants exercising a right of direct action. ¬†   […]