Axa Insurance Ltd v Akther & Darby Solicitors and others [2009] EWCA Civ 1166; [2009] WLR (D) 329
“For the purpose of accrual of a cause of action in the tort of negligence, damage which flowed from an unsecured contingent liability incurred by the claimant insurer, under after the event legal expenses insurance policies, was suffered at the time when the cover creating the contingent liability was issued to the defendant solicitors to protect the litigation costs and expenses of litigants, and not at the time when the litigants’ claims failed causing financial loss to the insurer.”
WLR Daily, 16th November 2009
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
