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High Court rejects bid to stop bond payout over $1.46m home : Judge says insurer AXA had no reason to wait for outcome of contractor's court application

Nov 21, 2018 - The Straits Times (Singapore)

Insurer AXA came under fire in the High Court for holding back payment of a performance bond that had been called by an aggrieved home owner, with the judge making clear the insurer could not await the outcome of a court application seeking to stop the payment.

Terraced house owner Jaclyn Reutens had called in the $146,300 bond in July from AXA Insurance over alleged building defects by Hup Seng Lee (HSL), the contractor for her property.

AXA said HSL had told it not to pay while i...