Norton Rose Dragged Into ABN Amro Cargo Insurance Suit
Law360, London (January 4, 2019, 3:48 PM GMT) -- An insurance intermediary has rejected claims that it arranged faulty cargo insurance for a commodity finance business owned by Dutch lender ABN Amro Bank, claiming in High Court documents that the disputed policy clause was drafted by the company’s law firm, Norton Rose Fulbright LLP.
ABN Amro is suing an insurance intermediary for breach of contract and negligence, as well as Royal & Sun Alliance PLC and a group of Lloyd’s of London insurers, over cover for a cargo of cocoa. (AP) Norton Rose failed to draft contractual terms “which clearly and indisputably” indemnified the finance company, Icestar BV, against losses after...
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