In this judgment, the South African appellate court, in referencing co-insurance clauses (which was in content a follow-the-lead clause), said: “In order to determine the proper meaning of the co-insurance clause, it is necessary to have regard to its purpose. In my view, the object of this clause was to protect the insured so that it … Continue reading
In the San Evans Maritime case, the English court described follow-the-lead clauses as follows: “11. Follow clauses come in different forms. Some oblige the following underwriter to follow the lead underwriter in relation to a large number of matters including alterations to the terms of the policy, surveys and settlement of claims (as in Roar Marine … Continue reading