Towergate Underwriting hit with £3.3m suit by pub over non-paying Gable policy
Few Inns has launched court proceedings against Towergate over a Gable policy which failed to pay out following a fire at one of its pubs in 2015.
In documents filed with the High Court in May the hospitality provider is seeking £3.3m and has claimed that Towergate Underwriting (T/A Towergate Insurance Brokers) breached its obligations as a broker by failing in its duty on a number of counts, including:
Did not advise the client of Gable’s true regulatory status Did not advise the client that, at the time, Gable had been subjected to a financial downgrade while some insureds were advised of this and encouraged to change their insurerOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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