Liability Risk and Insurance
New York rules in favour of Lloyd’s
Two non-accepting
Lloyd’s Names are to pay £206,658 and £269,293 respectively. The Supreme Court of New York ruled against Lorraine and Oliver Grace,
leaders of 246
Equitas-refusers in the US, this followed similar judgment in respect of 14 Names in Illinois. In all,
Lloyd’s claims that US Names owe £93mn, and they intend to pursue all of it.