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LLR: Insurance & Reinsurance

WESTERN TRADING LTD v GREAT LAKES REINSURANCE (UK) PLC

[2015] Lloyd's Rep. IR 561

QUEEN'S BENCH DIVISION(MERCANTILE COURT)

Before His Honour Judge Mackie

Insurance (property) – Insurable interest – Misrepresentation – Materiality and inducement – Sum payable under the policy – Insurance monies payable only for reinstatement – Property not reinstated – Whether declaration an appropriate remedy – Marine Insurance Act 1906, section 20.

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