In Settlers Crescent Partnership v IAG New Zealand Ltd  NZHC 2775 the owners of 4 adjoining buildings at 14 Settlers Crescent, Ferrymead (funded by Risk Worldwide) sued to recover for damage in the June 2011 earthquake notwithstanding that they had cash settled for $10,233,973.80 with IAG for damage to the buildings in the September 2010 and February 2011 earthquakes on the basis that those buildings were recommended for demolition as being destroyed. The Court in a judgment 25 October 2018 unsurprisingly found that the partnership suffered no further loss in the June 2011 and the claim failed. A year later the High Court on 17 September 2019 in Settlers Crescent Partnership v IAG New Zealand Ltd  NZHC 2341 ordered the owners to pay costs of $51,067 together with disbursements of $111,147.76. IAG had claimed $297,621.72.
0 0 Grant Shand Grant Shand2019-10-02 22:58:582019-10-02 22:58:58Claimants against IAG must pay costs