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Jan. 9th, 2004 05:27 pmClaim Mount Stromlo insurers refuse to pay out for bushfire damage
It has been claimed the insurers of the Mount Stromlo Observatory in the ACT, which was destroyed in the Canberra bushfires, are refusing to pay for the damage.
The Australian National University (ANU) says the companies have made one small payment but are refusing to pay out the policy worth about $60 million to $80 million.
ANU Vice-Chancellor Ian Chubb says he is now considering legal action.
"The dispute I guess is pretty straightforward and that is what is the meaning of the policy with respect to statements like 'full replacement value'," he said.
"The lead company Chubb has said that it will pay a relatively small amount and no more, so we're looking at legal options now."
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Apparently they've only paid $8 million; Mt Stromlo is sitting there all still burnt out nearly a year later, and it's not just the science, but most of the buildings are heritage listed. And if they don't start rebuilding soon, Australia could lose their advantage as one of the top in astronomy research.
It has been claimed the insurers of the Mount Stromlo Observatory in the ACT, which was destroyed in the Canberra bushfires, are refusing to pay for the damage.
The Australian National University (ANU) says the companies have made one small payment but are refusing to pay out the policy worth about $60 million to $80 million.
ANU Vice-Chancellor Ian Chubb says he is now considering legal action.
"The dispute I guess is pretty straightforward and that is what is the meaning of the policy with respect to statements like 'full replacement value'," he said.
"The lead company Chubb has said that it will pay a relatively small amount and no more, so we're looking at legal options now."
------------
Apparently they've only paid $8 million; Mt Stromlo is sitting there all still burnt out nearly a year later, and it's not just the science, but most of the buildings are heritage listed. And if they don't start rebuilding soon, Australia could lose their advantage as one of the top in astronomy research.
