Legal Affairs / General

Understanding non-disclosure

It is sometimes, incorrectly, thought that mere non-disclosure by an insured of any fact/s entitles the insurer to avoid the insurance policy. This is not so.

Enforceability of the sanctions exception in policies (UK)

An awaited decision on the enforceability of the sanctions provision in policies of insurance heard in the UK courts has turned out to be of not much general assistance.

Bitcoin held to be property not money for insurance policy (US)

A court in Ohio found that bitcoin is covered ‘property’ under a homeowner’s policy and not ‘money’ and therefore the claim for lost bitcoin was not limited by the money sublimit.

PI policy cannot be ceded to third party