Allianz Australia Insurance Limited v AIG Australia Limited
Allianz sought a contribution from AIG for amounts it paid an insured, but the Court held AIG's difference in conditions clause made its policy excess-only, so there was no double insurance and no contribution owed. It matters to insurers and brokers arranging layered or overlapping construction and liability cover.
What it means for business
Consider checking how difference-in-conditions wording sits across programmes where a client is insured under more than one policy.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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This register contains general information only and does not constitute legal advice. Envision Legal accepts no liability for any loss arising from reliance on this content. You should seek independent legal advice tailored to your specific circumstances. For enquiries, contact Envision Legal.