Lloyd’s Disputes Claim Over Diamond-Studded Statue

 Wednesday, January 9, 2019

 Canadian Underwriter

A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago. The B.C. Supreme Court issued a default judgment against Lloyd’s Underwriters last month, ordering it to pay the plaintiff, Forgotten Treasures International Inc., and its president, Ron Shore, damages and costs for the loss of the pricey statue. But court documents show Lloyd’s intends to return to court in February to ask for the default judgment to be overturned, arguing Shore violated the insurer’s conditions.
LitigationExcess & Surplus Lines
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