Underwriter Too Late With Cracked Building Claim
Law360, London (June 27, 2019, 1:52 PM BST) -- A London judge ruled Thursday that a major U.K. underwriter can't collect £626,000 ($796,000) from a surveyor over a botched inspection because it has missed its deadline to sue over problems at an apartment building.
Sitting as a judge in the High Court, Alexander Nissen QC said U.K. Insurance Ltd. waited too long to sue Construction Auditing Services Ltd. over a construction flaw that led to cracking.
The judge said that the underwriter knew that there were concerns about the structure by June 2013 and that it didn't need to conduct a second review, completed two years later, to realize that it might have a claim....
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