Two recent Australian cases of interest – one overturns a PI claim declinature, the other upholds a PI claim declinature by applying the aggregation clause
Certain Underwriters at Lloyd’s v Aquagenics Pty Limited (in liquidation) (Click here for the decision)
Background
The insured (Aquagenics) was a water treatment-engineering firm. It contracted with a local council to design and build a wastewater treatment plant. It held a design and construct professional indemnity policy with Lloyd’s Syndicates. [Read more…]