London v New York insurance coverage law; what are the differences and why are they important?
In this IIL claims lecture Mark Kendall and Chris Novak highlighted the differences in approaches to policy interpretation and remedies between the London and New York courts. This included the differing obligations on an insured in presenting the risk and placement and some of the common misconceptions surrounding that.
Their talk primarily looked at the differences on the Duty of Fair Presentation, Rescission, Non-disclosure and misrepresentation, Policy interpretation, Aggregation, Breach of policy terms and exclusions and Damages for late payment v Bad Faith and punitive awards.
By the end of this lecture members would have gained an insight into:
- The key differences between London and New York when it comes to policy coverage
Mark Kendall is ranked by Chambers as a leading lawyer in insurance and reinsurance. His practice incorporates policy coverage and disputes, as well as international dispute management and UK litigation. He is the consulting editor of, and contributor to, the textbook "Product Recall, Liability and Insurance - a Global Guide" (Globe, 2012).
Christopher Novak's practice focuses on complex insurance coverage disputes involving environmental, pollution, product recall, commercial property and casualty insurance, professional indemnity, and financial institutions bonds.
Richard Salmon FCII, Claims Manager, CFC Underwriting Limited.
Registration & Security
IIL lectures are open to CII and PFS members
CII and PFS members must register online by 12pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport
- Email confirmations and photo ID must be produced to security staff at the lecture venue
- Attendance confirmations are non-transferable to any other person or lecture
- All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
Please let us know what we can do to make our events fully accessible to you.
Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.