Farm Lender Wins £14M Insurance Fraud Row With Markel

By Christopher Crosby (April 22, 2020, 4:28 PM BST) -- A judge has found in favor of a British farmers' lender trying to recoup £14 million ($17 million) from Markel in connection with overvalued properties, ruling that the insurer did not have a sound basis for avoiding policies with a surveyor at the heart of the dispute.

Philip Mark Pelling QC, sitting as a judge at the High Court in London, ruled that an investigator for Markel (UK) Ltd. did not keep an open mind during a probe into why the surveyor failed to disclose its ties to risky lenders.

The farming lender, UK Acorn Finance, wants the insurer to pick...

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