Allianz dismay at Flora judgement
After the Court of Appeal's refusal to allow Allianz Cornhill’s application in Flora v Wakom, the insurer has released the following statement. The company was hoping to strike out that part of Mr Flora's claim which sought to link any Periodic Payments Order to an Index other than Retail Prices Index.
Roy Hebburn, Allianz Cornhill’s divisional claims manager, said: “We find the Court of Appeal's treatment of the Explanatory Notes to the Act both breathtaking and cynical. The Industry will continue
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