Good News: Well Drafted Warranties Do Work

Amlin Corporate Member Limited and Others v. Oriental Assurance Corporation [2013] EWHC 2380 (Comm)
A dispute between London reinsurers and their Philippine reinsured arose from the sinking of a ferry, the “Princess of the Stars,” in the Philippines on June 21, 2008.  The loss occurred because the master of the ship sailed into the midst of typhoon “Frank,” despite public storm warnings having been issued by the Philippine authorities the previous day.  It seemed that the master of the ship had intended to take a …

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