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Lloyd's Reinsurance Law Reports

BANQUE BRUXELLES LAMBERT S.A. v. EAGLE STAR INSURANCE CO. LTD. AND OTHERS MORTGAGE EXPRESS LTD. v. BOWERMAN AND PARTNERS THE UNITED BANK OF KUWAIT PLC v. PRUDENTIAL PROPERTY SERVICE LTD. NYKREDIT MORTGAGE BANK PLC v. EDWARD ERDMAN GROUP LTD. BNP MORTGAGES LTD. v. KEY SURVEYORS NATIONWIDE LTD. SAME v. GOADSBY AND HARDING LTD.

[1995] LRLR 195

COURT OF APPEAL

Sir THOMAS BINGHAM, M.R.:

Insurance (Mortgage Indemnity) - Negligent over-valuation - Duty of care - Plaintiffs made series of loans secured by commercial property - Borrowers defaulted - Security inadequate - Insurers denied liability - Whether plaintiffs induced to enter into transactions by negligent overvaluation of properties - Extent of overvaluation, duty, causation and measure of damage - Whether plaintiffs contributed to negligence. Negligence - Professional negligence - Overvaluation - Plaintiffs made series of loans secured by commercial property - Borrowers defaulted - Whether plaintiffs induced to enter into transaction by negligent overvaluation - Extent of overvaluation, duty, causation and measure of damages - Contributory negligence.

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