Lyttelton Port sues broker Aon for $184 mln over quake insurance policies

Mon, 02 Nov 2015

By Paul McBeth Nov. 2 (BusinessDesk) - Lyttelton Port Co, which was taken private by Christchurch City Council last year, is suing insurance broker Aon for $184 million over the handling of its policies during 2010 and 2011 earthquakes that resulted in the South Island's biggest marine hub settling with its insurers. The port company filed a statement of claim in the High Court in Christchurch on June 29 seeking damages plus interest and costs, saying "Aon was negligent and in breach of contract in arranging LPC’s property insurance progr...

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