Client success story
We acted on instructions from an insurer for their client, a tenant in a shopping centre. The shopping centre was destroyed by a fire originating from the tenant's premises. Actions were commenced by the landlord, seeking damages associated with the loss of the building and associated rent, as well as two other tenants claiming business interruption losses.
There was some dispute about the cause of the fire, and technical arguments about the terms of the lease and whether these defeated the landlord's claim. However, perhaps most critically, significant issues arose due to the plaintiffs' claims totalling an amount which exceeded the relevant policy limit. As such, it was necessary to consider the possibility of uninsured components, requiring even greater liaison and association between insurer and insured than is typically the case.
We achieved an outcome which involved a considerable reduction on the quantum sought and the claims resolving within the indemnity limit - a great result for both our insurer and their client.