Lloyd’s of London is having a tough time right now. The world’s oldest insurance market is embroiled in a legal battle after one of its syndicates was accused of breach of contract, deceptive business practices, bad faith and conspiracy.
The case involves a home in Leilani Estates, an area in the district of Puna, Hawaii, which has felt the full fiery force of the recent Kilauea Volcano eruptions. The home is not covered in Kīlauea’s lava and has not burned to the ground, but it has been determined as a “total loss” by Lloyd’s.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.