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Insurance Business | 19 Dec 2016, 10:23 a.m. Agree 0
While a High Court judge has found that a reasonable argument exists for the case to proceed, this govt insurer is clinging to the fact it was by a 'rather fine margin'
  • Graham | 19 Dec 2016, 10:42 a.m. Agree 0
    It's not about the margin, although the margin does suggest that there is some hesitation in the decision.
    It's about the 'spine' of the argument: if Southern Response can refute the basic argument then the thing falls over and the claimant's have wasted further time, during which I doubt that they will be willing to negotiate with SR.
    In the event that the claim succeeds it will be back to the drawing board on each and every claim, given the lack of commonality (other than the basic cause)of damage.
    I think the claimants are dreamin'.
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