Share Pardon my ignorance! But seriously…. very few practitioners actually knew about a major change having made to the section 140(1) of Malaysian Insurance Act 1996 back in March 2009. Let’s revisit relevant subsections of section 140 of the Insurance Act prior to 31st March 2009: Section 140 Insurance Act 1996 – Insurance of property and liability (1) Except with the prior written approval of the Bank, no person shall insure or cause to...
Share 1st May 2010 morning did provide some heart-troubling scenes for those who were within the Golden Triangle location to witness. Morons made moronic decision – just because those pilots were senior and experienced crew, with each having clocked over 10,000 flying hours, it was alright to have the Boeing 747 – 400 gliding through some rooftops of couple of iconic buildings…. By the way, the plane was actually flying some 2,000 to 3,000 feet...
Share TRYING A HAND ON MICRO-BLOGGING… In an Aviation meeting yesterday, we drifted into a question of an emergency landing situation where the pilot of an ATR plane did a forced landing onto a nearby island runway. After the successful landing and the plane’s troubled engine having been repaired, it was discovered the runway is not suitable for take off….. It never occurred to me that a plane like the ATR can land but...
Share I felt sort of priviledged having experienced underwriting some aviation risks over the last couple of years. So it is a feel good thing for me to pen something about aviation risks…..(by the way, that’s not me!) hopefully getting them in the correct order here! It is good to mention here – Air France disaster compounded by Air Yemeni crash tipped the aviation markets over the edge. “Ambulance-chasers” are pushing up liability claims awards to figures nearing...
Share In Malaysia, foreign registered aircraft can be used only for private purposes, ie. company staff and families. The aircraft cannot be used for hire because the rules said, the aircraft should only be operating where they are registered. Thus if aircrafts are not registered in Malaysia, they cannot be used for hire – can fly to Malaysia, drop off passengers and then leave. Foreign registered planes can be in the country for 6...
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