Insurers Reach Settlement In Car Insurance Premiums Fight

Law360, London (April 2, 2019, 3:22 PM BST) -- London broker Miles Smith has reached a settlement with an insurance broker it had accused of breaching a car policy by failing to pay premiums, according to documents filed with a London court.

The insurance broker Agency Management Network Ltd., said it would pay Miles Smith Ltd. £330,000 ($430,000) by April 11 to end a lawsuit seeking payment of premiums that allegedly fell due under a policy struck in January 2017.

Miles Smith in turn agreed to pay a company called Collingwood Insurance Co. Ltd. £320,000 under the terms of settlement disclosed in a March 28 order by the High Court...

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