It is coming up to 6 years since Western Pacific Insurance Ltd (“in liq”) was placed into liquidation by its shareholders on 1 April 2011. Time is fast running out to sue insurance brokers who placed insurance cover with Western Pacific in circumstances where there were solvency issues. We are aware of about 6 court proceedings against brokers arising out of Western Pacific from unsatisfied earthquake claims. We are also aware that brokers have notified their insurers of a likelihood of many more claims from the earthquakes. The six period for suing the broker(s) is running out.
Auckland
PO Box 137243,
Parnell, 1052
Tel: +64 27 434 5489
grant@grantshand.co.nz