AXA Bumps Lost Profits Claim To £4.3M In Broker Dispute
Law360, London (September 10, 2019, 6:54 PM BST) -- An AXA SA unit has increased its estimated losses in its suit against a medical insurance broker that ended their sales contract, telling a London judge that the figure now stands at more than £4.3 million ($5.31 million).
AXA PPP Healthcare Ltd. filed documents on Sept. 6 with the High Court in London stating that its lost profits have increased from £3.9 million since it first filed the lawsuit against A La Carte Healthcare Ltd. in March 2018.
The insurer has accused A La Carte, which trades as ALC Health, of improperly cancelling its contract before starting to sell policies underwritten by Catlin Insurance Co. U.K. Ltd.,...
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