Insurance Law Monthly
Liability insurance: aggregation
The decision of Stevenson J in the New South Wales Supreme Court in Bank of Queensland Ltd v AIG Australia Ltd and Others [2018] NSWSC 1689 provides an interesting contrast to the decision of the UK Supreme Court in AIG Europe Ltd v Woodman [2017] Lloyd’s Rep IR 209, on the meaning of “series” and “related” in an aggregation clause. The authorities demonstrate that minor differences in wording can lead to quite different outcomes.
Bank of Queensland
: the facts