Allianz Settles £3.7M Flood Claim, Despite Omission Qualms

Law360, London (October 3, 2019, 6:13 PM BST) -- Insurance giant Allianz has settled a British manufacturer's £3.7 million ($4.57 million) claim for flood damage, despite previously telling a London court that it’s entitled to void the insurance due to the company’s alleged failure to disclose information that raised concerns about its safety management.

The parties, “having agreed [to] terms of settlement,” the High Court on Wednesday ordered to stay the litigation. Each side still has permission to apply to the court for a hearing to enforce terms set out in the confidential deal, without needing to bring a new claim, Judge Stephen Phillips added.

Coilcolor sued Allianz in February...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!