A Guide to Indemnity and Reinstatement Value Conditions
Overview
At claims stage disputes frequently arise between insurers and insureds regarding the measure of the indemnity to be paid. The calculation of the indemnity payment is often a difficult one. In property insurance, reinstatement value conditions encourage the insured to reinstate the property and provide the insured with the benefit of receiving the value of new property in place of old property.
This session will discuss volume 3 of Norton Rose Fulbright’s Big Read Book which can be found at https://www.financialinstitutionslegalsnapshot.com/wp-content/uploads/sites/161/2019/12/The-Big-Read-Book-series-Volume-3-A-guide-to-indemnity-and-reinstatement-value-conditions.pdf and will discuss recent case law on the subject of indemnity payments and reinstatement value conditions.
Facilitators
Daniel Breier
Daniel is a director in the dispute resolution and litigation team at Norton Rose Fulbright, based in Cape Town.
Daniel specialises in insurance litigation and advice, marine and non-marine transport disputes, and commercial litigation.
Daniel has represented and provided advice to both local and international clients and has acted in a number of large High Court actions involving industrial fires, wildfires, property insurance, subrogated recoveries, professional liability, broker liability, product liability and product contamination insurance.
Peter Rogers
Peter Rogers is an associate in the dispute resolution and insurance litigation team of Norton Rose Fulbright, based in Cape Town.
Peter focuses his practice on professional indemnity claims and subrogated recoveries. He has acted in a number of large actions involving professional negligence claims against financial advisors, liquidators and civil and chemical engineers. He has also acted in maritime insurance disputes.
CPD:
1 hour
Price:
Members: R288.00 including VAT
Non-Members: R403.00 including VAT
Event Date:
26 May 2020
Event Time:
10 am to 11 am
Venue:
Online via Zoom
