GREAT NORTH EASTERN RAILWAY v AVON INSURANCE PLC

[2001] Lloyd's Rep IR 793

COURT OF APPEAL

Before Lord Justice Chadwick Lord Justice Longmore and Sir Philip Otton

Insurance (material damage and business interruption) - Existence of exclusion for inherent vice - Insurance placed by brokers containing inherent vice exclusion - Insurance renewed by different brokers - Whether renewal terms the same as for the earlier policy - Whether agreement between insurers and renewing brokers to change terms of policy and remove inherent vice exclusion.