Aon sued for Irish flood cover

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.