Why you can claim for wasted time

An oft-asked question in dealing with heads of losses is whether, and the extent to which, the costs of management and staff's time spent in the investigation of the claim is recoverable. A recent decision from the commercial court in R+V Versicherung AG v Risk Insurance and Reinsurance Solutions SA and others offers some guidance on this point.The claim arose out of the operations of two binding authorities under which R+V Versicherung AG (R+V) had authorised Risk Insurance and Reinsurance