Insurer denies policy covered ‘excessive’ $3.7M Moray & Agnew settlement

Insurance 2022-03-11 1:32 pm By Miklos Bolza | Sydney

A Lloyd’s syndicate has hit back at a lawsuit by Moray & Agnew, saying it did not have to cover part of a $3.7 million settlement between the law firm and a Melbourne property developer because the amount agreed to was “excessive”.