EUROPEAN PARLIAMENT CASES
June 1st, 2005
BY KEITH NUTHALLCOMPENSATION will have to be paid by two large insurance companies to the European Parliament for abandoning their coverage of its buildings following the September 11 attacks in the USA. AIG Europeet and HDI International have been ordered by the European Court of Justice (ECJ) to together pay many millions of Euros to the parliament to help the parliament meet the additional costs incurred by having to secure alternative cover from Fortis Corporate Insurance. Branding the insurer's behaviour as an "abusive cancellation of a contract", the ECJ's ...
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