Session 8: Constructive Total Losses – Well Known But Not Necessarily Well Understood

The concept of a CTL is well known to anyone working in the insurance industry but there are subtleties which deserve to be explored once in a while, particularly when the courts issue judgements which seemingly agree with the learned authors of textbooks but still catch some practitioners by surprise. Additionally, how does the practice of splitting hull values between hull and increased value policies impact on the ease of making a successful CTL claim? This panel will discuss both the practicalities, the legalities and the commercialities of all these issues.