The Avinash branch stores recently won a $43.7M judgement against the Guyana Fire Life and General Insurance Company (GuyFlag) stemming from a claim for damage suffered during the 2005 Great Flood.
Justice of Appeal, B.S. Roy awarded the $43.7M payout to Avinash after finding that the losses suffered by the various stores had been covered by the terms of the policy.
He ruled that this was the issue and not whether the policy was an excess of loss policy, as was stated by GuyFlag in its defence.
