W R Berkley Ins. (Europe) Limited & Anr v Teal Assurance Co. Limited (CA) 26/1/17

28/02/2017 LBU Editorial Case Reports

Where an insured entered into a settlement agreement with a third-party which involved the transfer of a sum into an escrow account and from which sums could be drawn down to the extent liability for defects was agreed, the payment of that sum into the escrow account did not constitute the ascertainment of the insured’s liability and consequential obligation for an indemnity on insurers.

© Law Brief Publishing Ltd, all rights reserved. Published by Law Brief Publishing Ltd, company number 05966609, registered in the UK. Registered office address: 30 The Parks, Minehead, Somerset, TA24 8BT.

All information on this site was believed to be correct at the time of writing. All content is for information purposes only and is not intended as legal advice. No liability is accepted by either the publisher or the author(s) for any errors or omissions (whether negligent or not) that it may contain. The opinions expressed in the articles are the authors' own and do not necessarily indicate the views of Law Brief Publishing Ltd.. Professional advice should always be obtained before applying any information to particular circumstances. Excerpts from judgments and statutes are Crown copyright. Any Crown Copyright material is reproduced with the permission of the Controller of OPSI and the Queen’s Printer for Scotland under the Open Government Licence.