JOURNAL ARTICLE

Supreme Court Opinion on Maritime Law Solidifies Insurer's Choice-of-Law Clause.

  • Published In: Insurance Journal, 2024, v. 102, n. 5. P. 35 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hemenway, Chad 3 of 3

Abstract

The Supreme Court recently released a unanimous opinion on maritime law and state insurance law, clarifying that choice-of-law provisions in maritime contracts, including marine insurance policies, are enforceable over state law. The case involved a dispute between an insurer and a yacht owner over a denied claim. The court's decision upholds the principles of uniformity and certainty in maritime law and allows marine insurers to better assess risk and expand the availability of marine insurance. The opinion did not address a previous decision that allowed courts to apply state law in the absence of established maritime law. [Extracted from the article]

Additional Information

  • Source:Insurance Journal. 2024/03, Vol. 102, Issue 5, p35
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2024
  • ISSN:0020-4714
  • Accession Number:176283612
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