DD1361 Crystal Palace NSC Insurance Settlement Offer
On the 26 December 2012 a fire occurred in the West Stand of the Athletics Stadium at the Crystal Palace National Sports Centre causing extensive damage within the roof voids, changing rooms and toilet facilities. GLA’s insurer at the time, Travelers Insurance Company Limited appointed Cunningham Lindsey as the Loss Adjustor to assist in the settlement of the insurance claim for the reinstatement works which were procured and paid for by Greenwich Leisure Limited (GLL), the operator of the NSC on behalf of the GLA. The final reinstatement works were completed at the end of December 2013 at a total cost of £111,129.24. Consequently Cunningham Lindsey on behalf of Travelers is now in a position to make an offer of £61,729.24 that excludes the £50,000 insurance excess in a full and final settlement of the insurance claim. As the offer does not include the insurance excess of £50,000 the GLA will also have to reimburse GLL this amount to cover the full cost of the reinstatement works.
Part 1: Non-confidential facts and advice