In Timothy Crowden & Carol Crowden v QBE Insurance (Europe) Ltd (2017) EWHC 2596 (Comm) the claimants suffered significant economic loss after receiving advice from a financial advisor insured by QBE. The claimants were advised to purchase a secure income bond and a growth plan which was linked to Lehman Brothers’ securities. The claimants suffered loss when both the issuer of the bond and Lehman Brothers subsequently went into administration.
Author Archives: David Kendall
The Enterprise Bill 2015 contains clauses concerning controversial measures (originally included in, but later removed from, the Insurance Act 2015) concerning the rights of policyholders to claim damages for late payment of claims. Cooley partner David Kendall has written an article on this important issue, originally published in Insurance Day, which can be read here.