Legal Affairs / General

Breach of an insurance policy may lead to damages not cancellation

Depending on the wording of an insurance policy, a breach by the insured will not necessarily entitle the insurer to cancel the policy without a specific right to do so. According to the wording or, if not explicitly dealt with, the materiality of the breach, the insurer may only have a damages claim for loss resulting from the breach.

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Claims tainted by fraud are wholly recoverable by insurers

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