CNA Hardy, a leading specialist commercial insurance provider for clients within the Lloyd's and company markets, has announced its intention to establish a new European subsidiary in Luxembourg.
We are committed to our operations within Europe, and building upon our global reach.
Unfortunately, a situation like this is all too common in today's litigious society.
And despite the occurrence of these situations, it's a common misperception that purchasing Miscellaneous Professional Liability (MPL) coverage isn't necessary.
In those cases, your business would be left to defend the lawsuit without the experience and engagement of qualified claim professionals.
Imagine this: You operate a call center that provides 24-hour service to a number of different businesses, including tow truck operators.
But the language of an agreement, like that of a statute, is not rendered ambiguous simply because the parties in litigation differ concerning its meaning.”65 Ten years after the opinion as overbroad, and reiterated the rule that extrinsic evidence may be inrtroduced to interpret a contract only where the contractual language is ambiguous and requires interpretation.67 Parol evidence relating to circumstances surrounding the formation of the contract is admissible.68 Thus, the parol evidence rule does not preclude evidence of fraud, duress, mutual mistake, misrepresentation or overreaching in the making of a contract.69 The subject matter of a contract and identity of the parties thereto may also be proved by parol evidence.70 The parol evidence rule is also not violated by admitting evidence of a prior or contemporaneous oral agreement that a written instrument executed by the parties is not to take effect until the happening of some agreed condition.