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GCG – Construction of the Policy
/News /GCG – Construction of the Policy

GCG – Construction of the Policy

Liquidator Bob Jacobs wins Crime Protection claim on behalf of Global Constructions Australia in Federal Court Insurance List for short matters. Global Constructions Australia (in liquidation) versus AIG Australia Limited.

GCG. A win is a win but when?

When AIG was unable to negotiate as previously ordered, the Federal Court Judge from the Insurance List for Short Matters asked the insurer to “try harder” and transferred the matter to Perth for the final hearing/s…..

Bob Jacobs, as liquidator of a WA construction company, undertook Federal Court proceedings in 2017/18 to clarify the operation of an insurance policy with a major insurance company in relation to a claim of fraud by a director. He subsequently negotiated and accepted a settlement of the claim with the insurer on confidential terms.