HIH CASUALTY AND GENERAL INSURANCE LTD AND ORS v CHASE MANHATTAN BANK HEATH NORTH AMERICA AND SPECIAL RISKS LTD HEATH INSURANCE BROKING LTD

[2001] Lloyd's Rep IR 191

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Aikens

Insurance (time variable contingency) - Insurance securing repayment of financing for production of films - Facultative policies (contracts of insurance) and Line Slip facility (contract for insurance) - Allegations of fraud and recklessness by brokers placing contracts of insurance and for insurance - Whether insurers having right to avoid contracts - Whether assured liable in damages to insurers for misrepresentation of brokers - Effect of Truth of Statements Clause - Whether brokers liable in damages to insurers for breach of duty of utmost good faith - Whether brokers owed duty of care to insurers.