Business
Opal Tower builder Icon has court win against insurers over damage bill – Sydney Morning Herald
The decision smooths the path for Icon to seek compensation from two insurers who had refused to help cover a bill to fix the damage.
Residents evacuated from the building gradually returned to their apartments during 2019, after Icon carried out a series of building rectification works.
The cracking to the newly-completed Opal Tower was among the first incidents to trigger concerns about the quality of new apartment blocks across Sydney and the incident unleashed a wave of litigation in NSW courts.
The Federal Court decision said that, since February 28, Icon had paid out in excess of $31 million as a result of the cracking…
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