Law Firm Says Chubb, AIG Too Late To Recover Payout

Law360, London (May 27, 2021, 3:39 PM BST) -- A defunct law firm has said that Chubb, AIG and other insurers waited too long to sue to recover money paid out under a professional indemnity insurance policy because of its alleged fraud against Santander and other mortgage lenders.

Lawyers for Nadeem Khan, who established Richmond Law, said in a High Court filing on Tuesday that the group of 24 insurers — which also includes Hiscox, Aviva and QBE — cannot recover the £816,000 ($1.2 million) they paid out to the firm under the policy.

The insurers sued Khan in October to recover the money, which was used to defend and...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!