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Ireland: Insurance broker to pay $747,000 settlement in underinsurance dispute

December 5, 2013 - 6:00am

The Irish High Court has approved a settlement of €550,000 ($747,450) in dispute related to alleged underinsurance of Dublin-based Bloxham Stockbrokers, which was placed in liquidation in 2012, the Irish Times reported.

Bloxham's liquidators had sought €15 million in damages during their legal action against the stockbroking firm's insurance broker Robertson Low Insurances Ltd. The broker, which had countered the allegations, will now pay €550,000, plus legal costs.

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