BANQUE BRUXELLES LAMBERT S.A. v. EAGLE STAR INSURANCE CO. LTD. MAURICE MARKOVITS ALLIED DUNBAR ASSURANCE PLC LEWIS & TUCKER LTD. AND JOHN D. WOOD COMMERCIAL LTD.

[1995] LRLR 17

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Mr. Justice PHILLIPS:

Insurance (Mortgage Indemnity) - Negligent overvaluation - Duty of care - Plaintiffs made series of loans secured by commercial property - Borrowers defaulted - Security inadequate - Insurers denied liability - Whether plaintiffs induced to enter into transactions by negligent overvaluation of properties - Extent of overvaluation, duty, causation and measure of damage - Whether plaintiff contributed to negligence. Negligence - Professional negligence - Overvaluation - Plaintiffs made series of loans secured by commercial property - Borrowers defaulted - Whether plaintiffs induced to enter into transaction by negligent overvaluation - Extent of overvaluation, duty, causation and measure of damages - Contributory negligence