Legal
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Legal precedents are being set which could lead to crippling liabilities for US businesses as well as longer term data management implications.
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Julia Sommer won her tribunal last year after she claimed to have been consistently discriminated against for her sex and was unfairly dismissed after her maternity leave.
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Mactavish research has found that commercial policyholders are now more than three times as likely to sue their insurers to get their claims paid.
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The Lloyd’s syndicates named in the trial include Tokio Marine Kiln’s Syndicate 510 and Syndicate 1880, Liberty Managing Agency, MS Amlin and Munich Re.
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Insurers including AIG, Fidelis, Swiss Re and Chubb along with several lessors were in favour of merging the aviation war cases, while lessor AerCap wanted a separate, standalone trial for its lawsuit.
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The companies did not disclose whether any money exchange hands as part of the agreement.
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The lawsuit argues that one engine that was leased out in Ukraine and 16 engines that were leased out in Russia have suffered physical loss or damages.
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The claim, worth $43.8mn, takes the total amount claimed in the courts by Carlyle Aviation Partners to upwards of $832mn.
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Falcon 2019-1 Aircraft 3, an entity managed by Dubai Aerospace Enterprise, is suing its contingent war insurers for $43.4mn but, if that fails, is also suing its all-risk insurers for the same amount.
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The aircraft lessor has outlined its response in a $750mn lawsuit against its contingent war insurers.
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In addition, Lloyd's syndicates Atrium and Syndicate 1183 asked the judge to dismiss the case against them in its entirety.
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The carrier argued that, because the sum it was being sued for was significant – $95mn in the all-risk case and $240mn in the war risk case – it should be allowed to represent itself.
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