by Jolyon on 14 November, 2008
This article from the NYT does not make happy reading for D&O carriers.
It’s about a mortgage underwriter at WaMu, and is a telling, salutory tale (like so many that are emerging) of corporate greed and, more to the point, stupidity.
“If a loan came from a top loan officer, they didn’t care what the
situation was, you [...]
by Jolyon on 14 November, 2008
In the recent (24.10.08) case of Markel –v- Gothaer Allgemeine & Kontinentale the Commercial Court considered the nature and role of an agent in a dispute over a Claims Co-operation Clause. It’s an oddly fact-specific case, but there are some wider issues in play.
This was a summary judgment application by reinsurers (Markel) to dismiss [...]
