Amtrust Sued Over Coverage For Repairs To £5M Penthouse

Law360, London (November 15, 2019, 3:37 PM GMT) -- The owners of a £5 million ($6.5 million) penthouse on the edge of Regent's Park in London have sued insurer Amtrust Europe Ltd. for more than £250,000 to recover the cost of fixing up the lodgings after the developer went belly-up.

Raymond and Daphna Sehayek filed a lawsuit against the insurance company in the High Court on Oct. 29 to recoup their out-of-pocket costs for repairing the Grove End Gardens penthouse. 

The Sehayeks say the developer building their home went bankrupt without completing construction on a new floor of penthouses on top of the mansion block of 150 flats, forcing them to pay other...

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