Tuesday, 24 October 2017

Insurance firm hit by SODC fire

AN insurance firm says a huge fall in profits was partly due to an arson attack at South Oxfordshire District

AN insurance firm says a huge fall in profits was partly due to an arson attack at South Oxfordshire District Council’s offices.

Zurich UK chief executive Vibhu Sharma said large claims in the first half of the year cost the company between £50million and £60million.

The claims included one made by the council for the blaze at its headquarters in Crowmarsh Gifford in the early hours of January 15.

Mr Sharma did not indicate the size of the potential insurance payout.

The fire was set by Andrew Main, 47, of Rokemarsh, near Benson, who was sectioned indefinitely under the Mental Health Act.



He had pleaded guilty to four counts of arson being reckless as to whether life was endangered and not guilty to a charge of arson with intent to endanger life.

The charges also related to fires at Howard Chadwick Funeral Service in Crowmarsh Gifford and two houses in Rokemarsh.

The district council has now moved into offices in Milton while it waits to hear on the size of the insurance payout.

It may decide to build new offices on the old site or sell it for development.



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