Binding Authorities: Insurers' Injunctions Against Coverholders
Mondaq Business Briefing › United Kingdom Law Articles in English (2007)
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Binding Authorities: Insurers' Injunctions Against Coverholders
A recent Commercial Court decision highlights the difficulties insurers face when applying for an injunction against coverholders. Insurers should not assume that such relief will be granted as of right.
In this recent case, the insurer sought to restrain its coverholder from handling the run off of ATE legal expenses insurance under a binding authority the insurer had purported to terminate. The Judge refused to grant the injunction sought. In particular, he held that the coverholder's business inte...See the full content of this document
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