Lloyd's Underwriters Call £3M Policy Void In Factory Fire Suit

Law360, London (December 22, 2020, 5:03 PM GMT) -- A group of Lloyd's underwriters is pushing to void a £2.5 million ($3.3 million) insurance policy held by the owners of a packaging factory that burnt down, citing false representations about the company and its premises when the cover was taken out.

The underwriting members of Lloyd's syndicate 1991 say that Quality Pack Ltd., which makes polystyrene boxes used for takeaway fish and chips and kebabs, overstated its manufacturing capability to secure insurance cover for its sites. 

The underwriters said in their defense filed last Thursday that their agent had initially refused to provide a quote to Quality Pack because the...

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