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The European Commission has given state aid approval to a UK scheme designed to make sure that owners of properties at risk of flooding can obtain affordable insurance.
In Sugar Hut Group v AJ Insurance, the High Court was asked to consider the business interruption losses arising out of a fire at the Sugar Hut club in Essex.
The High Court recently examined principles relevant to the permissibility of using hindsight to value a company for the purposes of a warranty claim.
The Court of Appeal has ruled that business interruption and other consequential losses can now be recovered from the police after London riots.
The Commercial Court has ruled that consequential losses arising from riots cannot be recovered from the public purse.
The Financial Services Authority (now replaced by the FCA) took action against Digital Satellite Warranty Cover Ltd to wind it up ‘in the public interest’.
No workable solution has yet been found to the flood insurance question.