Hunton Insurance Recovery Blog

Policies sold through Lloyd’s of London present distinct jurisdictional challenges. Unlike policies sold by a single insurance company, Lloyd’s policies are sold through a marketplace in which risks are underwritten by syndicates composed of individual investors known as “Names.” A single syndicate may include dozens—or even more than a thousand—Names.

Examinations under oath (EUOs) are a common coverage condition in property and other first-party insurance policies that can make or break an insurance claim.  In theory, EUOs are straightforward:  they’re an investigative tool for insurers to gather information about a claim.[1]  But in practice, insurers often use them to poke holes in the policyholder’s story, identify grounds to challenge coverage, and even set up fraud claims. 

Fine art collections—both public and private—are concentrated in disaster-prone areas like California and Florida, where wealthy individuals often retire. And as the impacts of extreme weather ravage west coast forests and east coast beaches, art collectors in high-risk areas watch their insurance premiums swell and coverage shrink.