A C WARD & SON LTD v CATLIN (FIVE) LTD AND OTHERS (NO 2)

[2010] Lloyd's Rep. IR 695

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Flaux

Insurance (theft) — Goods stolen from warehouse — Policy containing Protection Maintenance and Burglar Alarm Maintenance warranties — Equipment not functioning — Whether warranties were absolute or required the assured to correct known defects — Utmost good faith — Non-disclosure of failure to comply with security recommendations — Materiality — Inducement — Variation of policy.