Early settlement saves on policy limit / defence costs

We assisted an insurer to settle out of a potentially long-running dispute by paying a proportion of the policy limit in satisfaction of all claims. Whilst the amount paid was substantial, it represented a large discount on the total limit, and removed the exposure for defence costs (which were potentially uncapped).


Related Articles

Moray & Agnew adds new partner in Sydney

Media Release

Moray & Agnew has appointed a new partner in its Sydney office. Shayne Thompson, formerly an insurance partner at Middletons (now…

Continue reading

Federal Court of Australia Insurance List

Legal Directions

As part of the National Court Framework Reforms, the Federal Court of Australia will establish an Insurance List for short matters…

Continue reading

12 SENIOR MORAY & AGNEW LAWYERS RANKED IN ‘BEST LAWYERS IN AUSTRALIA’ LIST

Media Release

The 2017 list of ‘Best Lawyers in Australia’ was published online by the Australian Financial Review on 26 February 2016. Moray &…

Continue reading