Insurance Law Monthly
Settlement agreements: effect of agreement on premium recovery
In Fibretech Holdings Ltd v Vero Insurance New Zealand Ltd [2021] NZHC 3104 Nation J, sitting in the New Zealand High Court, considered whether a settlement agreement removing all claims connected to the insured loss applied to a claim by the policyholder for premiums paid in error following the loss to which the settlement related.
Fibretech
: the facts