LLR: Insurance & Reinsurance

John Lockey KC and Professor Robert Merkin KC

Document

K BELL & ASSOCIATES INC V LLOYD’S UNDERWRITERS 92 Civ 5249 (KTD) (KAR)

(1995) 4 Re LR 161

United States District Court Southern District of New York

Before United States Magistrate Judge Kathleen A Roberts

Exclusion - Construction - Insurance brokers’ errors and omissions - New York insurance brokers’ failure to account to reinsured for recoverables - Liability of London market errors and omissions underwriters - Whether broker was found liable for failing to produce financial records or for failing to forward and remit premiums and reinsurance recoverables - Whether exclusion applicable.

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