Home South London Insurer Hits Back At Property Developer In Building Claim

Insurer Hits Back At Property Developer In Building Claim

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By Humberto J. Rocha (June 16, 2022, 3:41 PM BST) — An insurer has told a court that a property developer has not proved how it is entitled to £735,946 ($900,610) in indemnification after a contractor working on building 98 flats in a south London suburb with the company became insolvent.

Royal & Sun Alliance Insurance Ltd. told the High Court in a May 26 defense, which has recently been made public, that Croydon Investments Ltd. never explained how it arrived at the nearly £750,000 figure that it says it’s owed after Longcross Group Ltd. went into administration prior to the completion of the development.

RSA denied in its seven-page defense filing…

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https://www.law360.com/insurance-uk/articles/1501585/insurer-hits-back-at-property-developer-in-building-claim