Marine Insurance
The Law in Transition
By: D. Rhidian Thomas
The issues identified in this book are the fundamental issues on which Marine Insurance law is based, and of which are in the process of being re-examined and developed further to respond to the needs of modern Insurance practice.
AI Overview
The book "Marine Insurance: The Law in Transition" by D. Rhidian Thomas is a comprehensive analysis of the current issues and developments in the marine insurance market and its associated legal framework. Here is a detailed overview of the book:
Key Themes
- Current Issues in Marine Insurance Markets: The book delves into the specific issues currently affecting marine insurance markets, providing in-depth analysis and examination of these topics.
- Legal Developments: It explores the legal aspects of marine insurance, including recent changes in legislation and case law.
- Topical Issues: The book covers a range of topical issues in marine insurance law, such as maritime class actions, litigation funding, and the role of after-the-event (ATE) insurance.
- Technological Shifts: It discusses the implications of technological advancements, such as remote-controlled and autonomous shipping, on the law and insurance markets.
- Claims and Disputes: The book examines direct and third-party claims against P&I clubs, as well as the development of remedies for unfair presentations of risk.
Plot Summary
The book is structured as a collection of essays by various contributors, each addressing a specific aspect of marine insurance law. The chapters cover a wide range of topics, including:
- Maritime Class Actions and Litigation Funding: This chapter explores the role of ATE insurance in maritime litigation.
- Insuring Remote-Controlled and Autonomous Shipping: The chapter discusses the paradigm shift required in law and insurance markets due to technological advancements.
- Direct and Third-Party Claims against P&I Clubs: It examines the legal issues surrounding claims against Protection and Indemnity (P&I) clubs.
- Marine Insurance Brokers: The chapter provides a comparative study of the law relating to marine insurance brokers.
- Fraud and Regulatory Intervention: It discusses insurers' roles in preventing fraud and the case for regulatory intervention.
- Implied Marine Warranties and the Insurance Act 2015: This chapter explores the implications of the Insurance Act 2015 on implied marine warranties.
- Proximate Causes of Loss: The chapter examines the proximate causes of loss in marine insurance.
- Marine Insurance Cover for Detainment of Vessels: It discusses the legal aspects of marine insurance cover for vessels detained by a foreign state, using the Team Tango case as an example.
- Jurisdictional Rules and Anti-Suit Injunctions Post-Brexit: The final chapter addresses the uncertainties and opportunities arising from Brexit in terms of jurisdictional rules and anti-suit injunctions.
Critical Reception
The book has been well-received for its comprehensive coverage of topical issues in marine insurance law. Here are some key points from the critical reception:
- Essential Reading: The book is considered essential reading for maritime lawyers, brokers, insurance market practitioners, academics, and companies associated with marine insurance markets worldwide.
- Impressive Array of Contributors: The volume contains a collection of 10 essays written by an impressive array of contributors, making it a valuable resource for those in the field.
- Detailed Analysis: The book provides in-depth analysis of specific issues currently occupying the marine insurance markets and the law, making it a valuable resource for those seeking detailed insights into the subject.
Overall, "Marine Insurance: The Law in Transition" by D. Rhidian Thomas is a seminal work that provides a comprehensive understanding of the current state and future directions of marine insurance law. Its detailed analysis and coverage of topical issues make it an essential resource for practitioners and academics in the field.