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Aviation insurance: measure of indemnity
The Abu Dhabi Global Market Court of Appeal has, in Global Private Investments RSC Ltd v Global Aerospace Underwriting Managers Ltd and Others [2023] ADGMCA 001, reversed in part the first instance decision of Sir Andrew Smith [2021] ADGMCFI 0008; [2023] Lloyd's Rep IR 102, concerning the measure of indemnity under a valued policy on an aircraft. On the key question of whether the sum insured included diminution in the value of the repaired subject matter, the Court of Appeal agreed with the judge, but disagreed on a secondary issue concerning aggregation.
Online Published Date:
25 March 2024
Appeared in issue:
Vol 36 No 3 - 25 March 2024
Motor insurance: damage to a vehicle on credit hire
In Armstead v Royal & Sun Alliance Insurance Co Ltd [2024] UKSC 6 the Supreme Court has given its judgment on a long-running issue concerning the measure of damages where a hired vehicle is damaged by a third party. The Supreme Court has reversed the decision of the Court of Appeal [2022] EWCA Civ 497; [2022] Lloyd's Rep IR 627 and has held that credit hire companies claiming through hirers are entitled to compensation for loss of use of a damaged vehicle. The leading joint judgment was delivered by Lords Leggatt and Burrows, with Lord Briggs adding a comment of his own. Lord Richards and Lady Simler agreed with the leading judgment.
Online Published Date:
25 March 2024
Appeared in issue:
Vol 36 No 3 - 25 March 2024
Liability insurance: interpretation of exclusions
In Walsh v Yang and Others [2023] NSWDC 307 the New South Wales District Court considered a series of exclusions in a public liability policy taken out by householders in respect of injury suffered by individuals on the premises.
Online Published Date:
25 March 2024
Appeared in issue:
Vol 36 No 3 - 25 March 2024