The Court of Appeal judgment in the case of Rathbone Brothers plc and Michale Paul Egerton-Vernon v Novae Corporate Underwriting Company seems to hail a cautious return to commercial common sense with regards to the issue of subrogation. Court prepared acknowledge an implied term within the an insurance policy, waiving the insurers right to subrogation when express term to contrary. Claims against co-insureds, recovery actions in co-insurance. [Read More...]