Leading insurance and reinsurance authorities, each with its citation and the point it decided.
(1766) 3 Burr 1905; 97 ER 1162, King's Bench (Lord Mansfield)
Insurance contracts are founded on utmost good faith and require disclosure of material facts; on the facts the insured succeeded, as the matters not disclosed were known or presumed known to the underwriter.
(1806) 2 Bos & PNR 269, House of Lords
A mere expectation of benefit is not an insurable interest; the policy was void and the underwriters succeeded.
(1877) 5 Ch D 569, Court of Appeal
Contribution arises only where policies cover the same interest; the bailee's insurers, covering primary liability, bore the loss alone.
(1882) 7 App Cas 333, House of Lords
Insurers cannot claim, by way of subrogation, a payment made to the insured as a pure gift rather than to reduce the loss.
(1883) 11 QBD 380, Court of Appeal
Indemnity: the insured is to be fully indemnified, but never more than fully indemnified, and the insurer's subrogation rights are wide.
(1907), cited in CII study materials
Source of the classic definition of proximate cause: the active, efficient cause that sets in motion a train of events.
[1892] EWCA Civ 1; [1893] 1 QB 256, Court of Appeal
An advertisement can be a unilateral offer to the world, accepted by performing its conditions.
217 N.Y. 382 (1916), New York Court of Appeals (Cardozo J)
A manufacturer owes a duty of care to the ultimate user of a product that is dangerous if negligently made, regardless of privity of contract.
[2024] UKSC 2, UK Supreme Court
A charterer-funded war risks insurance regime did not prevent the shipowner from recovering general average, including ransom, from cargo interests.
General information only, not legal advice. Read the full judgment before relying on any authority.