One to watch. The owner of Australia’s largest superyacht, the 54m Baglietto-designed Mischief I, is suing a group of Lloyd’s insurers for £4m over an unpaid claim. Legal documents in the case allege the insurers refused to cover the cost of storm damage the vessel suffered during a voyage between Papua New Guinea and Brisbane in 2023.
While we await the defence docs to see the grounds of refusal, the time this case has taken to get to court is already worth registering. The damage took place in November 2023. The claim was notified within days. It then took nine months for coverage to be declined and another 10 months for the matter to make its way to court. So nearly two years after the event took place, the claimant is only just starting the process of getting the dispute resolved.
Mactavish Claims Litigation Index
The Mactavish Claims Litigation Index aims at tracking insurance litigation and claims performance and getting the market to focus on what really matters, the product you buy with your premiums, not just the premium itself.
Get the latest claim dispute cases straight to your inbox
Receive our curated selection of claim litigation cases to keep abreast of the latest battles and legal practices and get insider insights on industry risks and claim rejections.
