Liability Risk and Insurance
‘High time that the Lloyd’s litigation … came to an end’
Thus urged Mr Justice Cresswell, delivering his 600-page judgment in the high court in
Jaffray v
Lloyd’s
. He strongly urged both sides to agree a genuinely independent panel to oversee remaining disputes, but neither side seem
inclined for this.
Lloyd’s is taking a ‘robust’ approach to collecting the debts of the 230 Names who rejected the R&R settlement of 1996; the Names
talk of appeal, and use of the Human Rights Act to challenge
Lloyd’s immunity from negligence claims.