Templeton case affirms need for precise notification specs
Insurers and brokers have been warned that the outcome of a recent court decision will significantly...
Insurers and brokers have been warned that the outcome of a recent court decision will significantly impact how first notification is defined in relation to claims.
In the case Laker-Vent v Templeton, the court ruled that the insurer was bound to indemnify the claimant for the policy and costs incurred from a legal dispute on the grounds that the claimant could not have foreseen legal action.
While the insurer, Templeton Insurance, appealed, arguing that had it been notified earlier, it would
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