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Tvins Successfully Represents Insurance Company on Double Insurance Dispute

Tvins Successfully Represents Insurance Company on Double Insurance Dispute

Lithuania
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Tvins has successfully represented the interests of the BTA Baltic Insurance Company in a dispute regarding what the firm describes as "a double insurance matter."

According to Tvins, BTA had "paid out a part of an insurance indemnity, arguing that there was a double insurance (the property was insured under two insurance contracts) and, therefore, the indemnity should be reduced proportionally with the reduction of the amount of the insured sum." According to the firm, the other company, which received "only a reduced insurance indemnity," challenged BTA's position, "and applied to the court for the payment of the entire amount of money."

On April 11, 2018, the Supreme Court of Lithuania annulled the judgments of the first and appellate instances and found for the BTA Baltic Insurance Company, holding that the double insurance statement was justified and lawful.

The case was handled by Tvins Managing Partner Tomas Talutis and Senior Associate Tadas Lukosius.

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