Supreme Court endorses wide exclusion in professional indemnity insurance policy
Impact Funding Solutions Limited v AIG Europe Insurance Ltd  UKSC 57, 26 October 2016
Impact Funding entered into agreements with Barrington Support Services Ltd to provide loans to Barrington’s clients in order
to fund disbursements during the course of those clients’ litigation. Unfortunately, Barrington was negligent in its conduct
of its clients’ claims and misapplied the funds advanced to its clients, breaching the terms of the agreements with Impact.
Consequently, Barrington became insolvent, and Impact Funding sought to recover the outstanding sums from Barrington’s professional
indemnity insurers, AIG.