Broker blamed when stock damaged by flood was uninsured

Cork fertiliser company Grassland is suing Dublin insurance brokers MacDonagh Boland Crotty MacRedmond, trading as Aon, for flood losses of more than €1.3m that went uninsured, the Irish Times reports.

Grassland claims Aon failed to arrange for insurance cover in the event of flood, burst pipes, tempest and/or storm, with the result that insurance underwriters have refused to pay out for losses.

It claims Aon ought to have been aware Grassland held total stock valued at up to €36.8m, subject to a maximum value of €22.9m for stock held at any one of its properties.