8 Mar 2019
RICHMOND HILL HOLDINGS LTD v IAG NEW ZEALAND LTD [2019] NZHC 380
- Citation
- [2019] NZHC 380
- Court
- High Court
The court held the 2013 communications constituted a clear and unequivocal representation that a cash settlement would be based on rebuild costs (including site-specific items) and that plaintiffs' reliance was reasonable, but summary judgment was inappropriate because IAG raised arguable defences on unconscionability, detriment and causation such that genuine issues of fact remained; internal insurer policies do not qualify external representations absent disclosure.