Insurers - Do you know what you know?
The Commercial Court has delivered a noteworthy decision which deals with, among other things, whether "knowledge" held by a claims team can also be said to be in the "knowledge" of the relevant underwriters. The judgment considered this in the context of policy construction and potential rectification of the definition of "Insured" in a policy wording, and the case provides a useful discussion of estoppel by convention. The decision is also of interest in the context of the duty of fair presentation under the Insurance Act 2015.
We discuss the case in more detail in our briefing here.