CMT v EQC & Tower Insurance Ltd [2021] CEIT-2019-0012 [pdf, 292 KB]
...say, in a further liability from Tower Insurance Limited (Tower) to them of $10,000 less the excess of $150, being $9,850. [9] Taking a purposive approach to the interpretation of the insurance policy and taking account of the High Court’s judgment on the case stated, the Applicants’ reasonable expectation of Towers’ response to the Canterbury Earthquake Sequence (CES) was, therefore, that Tower would pay: (a) Up to the policy cap of $455,000 total in any one policy perio...