Limitation periods: insolvency cover

The question in Peabody Trust v National House-Building Council [2024] EWHC 2063 (TCC); [2024] Lloyd's Rep IR Plus 36 was whether the six-year limitation period for insurance claims laid down by the Limitation Act 1980 began to run under an insolvency policy taken out by a developer when the contractor became insolvent or when the contractor's insolvency gave rise to financial loss. Andrew Mitchell KC, sitting as a Deputy Judge of the High Court, opted for the latter.

Peabody: the facts