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Insurers face RICS action

Language: English Series: Property Week ; 53(5) 2 November 1995, 8(1)Publication details: 1995Subject(s): Summary: 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.

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.