Posts Tagged ‘ Coverage ’

Malaysian normally do not think much about annuities, not to mention buying one for their golden years. There are better investment options than investing in an annuity just for the sake of living too long! Some seemingly dull topic here…. but our GUEST BLOGGER and California-based financial advisor, Ms. Sharon Smith think otherwise. Read...
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What is passenger liability cover in your private vehicle insurance policy? It simply means coverage for you in the event your passenger(s) sue you or your authorised driver for having driven the car negligently, resulting in bodily injury, death or property damage. Passenger liability is therefore also known as legal liability to passengers. Simple...
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At the beginning of year 2009, the new ICC Clauses became available to the Market after a two-year consultation process.  The overall result has been to create clearer policies that are more favourable to the Assured than the previous 1/1/82 version. The clauses have been amended in places in an effort to make the...
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It is an offence to enter Singapore without extending passenger-liability cover to your existing motor insurance policy. In Singapore passenger-liability cover is compulsory but Malaysian motor insurance policy has no auto-extension for such passenger-liability (or liability to passenger). Thus, it is a necessity for Malaysian Insured entering Singapore to extend their motor policy to...
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Not too long after the US Executive Order blocking property of certain persons contributing to the conflict in Somalia was issued, EU have on the 28th April released their EU Council regulation 356/2010 with almost similar objective. This EU Council Regulation 356/2010 adopts similar provisions to the US Executive Order prohibiting payments to certain...
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The deadline for submitting your protest or suggestions or even arguments over the proposed TPBID mandatory (Newco) scheme is already over. The government has decided, and the new basic third party insurance policy will be sold nationwide come Jan next year….This basic third party policy is the minimum insurance version that insurers would be...
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What impact will the new US Executive Order have on piracy in Somalia? (Adapted from an article written on May, 5 by Jai Sharma, director of Casualty & GA Department, Dolphin Maritime and Aviation Services Ltd) In spite of attempts to control piracy off Somalia, it continues to be a major issue for shipowners...
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On the 30th April 2010, the Non-Life insurance industry held its first open-market discussion on the recent proposed national third party bodily & death (TPBID) Newco and its very sketchy operating model. This event was held by PIAM to obtain feedbacks from the members of the senior management of all member companies. Generally, the...
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Judging from the many hits to my previous postings relevant to this topic – 408 hits to blog posting: Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool and 271 hits to another: The National Third-Party Bodily Injury Liability Scheme…. jumping the gun or what? within a two and a half months period….....
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The subject of piracy has been the subject of much debate given the numerous hijackings off Somalia and elsewhere over the last 18 months or so.   As far as we are aware, none of these cases have resulted in any decisions in the English Courts until the recent decision from the High Court...
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