Despite the best efforts of insurers to make the terms of their cover crystal clear, the wording can sometimes leave room for different interpretation, particularly in unforeseen circumstances.
As a leading insurance law firm acting for insurers and reinsurers, Greenwoods has vast experience of resolving differences arising from interpretation and can advise in all classes of insurance business. As well as resolving the immediate dispute, we also advise on the necessary revision of policy wording in order to avoid the same or similar problems in future.
We also work with clients to identify and remove potential areas of doubt between insurers, reinsurers and insureds in the light of new or prospective commercial developments and legislation. Through this non-contentious work, we help our clients avoid potentially costly misunderstandings and disputes.
Where there is a suspicion of fraud or good reason to doubt the good faith of the insured, we work closely with our Intelligence Team and the insurer’s special investigations unit.