Insurers face RICS action
Insurers face RICS action
- 1995
- Property Week 53(5) 2 November 1995, 8(1) .
The RICS is suing four insurance companies for over £100,000 after they refused to meet a claim for a member`s mishandling of funds. The underwriters argue that the payout is only valid if the funds were misappropriated by either fraud or dishonesty, which is not the case here.
CLIENTS MONEY
GUARANTEE SOCIETY
INSURANCE CLAIMS
MISAPPROPRIATED FUNDS
PRUDENTIAL INSURANCE
RICS
ROYAL INSURANCE
SUN ALLIANCE
The RICS is suing four insurance companies for over £100,000 after they refused to meet a claim for a member`s mishandling of funds. The underwriters argue that the payout is only valid if the funds were misappropriated by either fraud or dishonesty, which is not the case here.
CLIENTS MONEY
GUARANTEE SOCIETY
INSURANCE CLAIMS
MISAPPROPRIATED FUNDS
PRUDENTIAL INSURANCE
RICS
ROYAL INSURANCE
SUN ALLIANCE