Category: Insurance Coverage

Insurance covers concerning Property and Pecuniary classes

Piracy-ransom payments not contrary to public policy and recoverable!

piracy affecting marine insurance

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…

Pushing Malaysian Motor Insurance Pool (MMIP) to the limit….

  If your corporation is operating a reasonable large fleet of buses, would you consider just buying all the third party insurance policies from Malaysian Motor Insurance Pool (MMIP) and then insure the non-third-party coverage with another insurance provider (the…

FM Global is now a Labuan Offshore Financial Services’ registered reinsurer!

FM Global

FM stands for Factory Mutual – basically FM is a mutual insurance company with headquarter in Johnston, R.I., US. Globally, FM is known as FM Global, to some, it’s FMG. I have came across the FM Global’s Industrial All Risks’…

TITLE Insurance – Forging an existence in the Malaysian property market?

A five-member bench of the Federal Court on 21st January 2010 unanimously ruled that the previous Federal Court had misconstrued the provisions of section 340(3) of the National Land Code, 1965 (“NLC”) in its decision of Adorna Properties Sdn Bhd…

Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool

Express Buses are bad for insurance business

Updated 09th February 2010 We have updated this blogpost with a recently released Malaysian Motor Insurance Pool (MMIP)’s frequently asked questions. You may like to go through the questions and answers before going to “PAGE 2” for the full write…

Covering your Pub with Liquor Liability Insurance…..

Searching for Hoegaarden

Thanks God, It’s Friday! That’s what T.G.I.F means…… My friend who had some “happy hours” drinking session, drank one mug too many, rubbed his arm against some chicks’ busts….. then whacked by some weirdos and busted with his face falling…

A single-Project (Design & Construct) Professional Indemnity prerequisite……

Your company is the owner of the project with one of the main building having just collapsed, or something like the collapsed roof belonging to the Terengganu Stadium (The Sultan Mizan Zainal Abidin Stadium). On the other hand, what if…

Old vehicles on third party insurance are costing the insurance industry hundreds of millions annually…. but would converting them to comprehensive helps?

buy insurance for old cars

Performance of old vehicles in a nutshell. It is already common knowledge that old vehicles (≥ 15 years category) in the absence of adequate loading on the tariff gross premium are not writable risks, and especially so where more than…

The simple side of Risk-based Capital (RBC)

Rewriting the Malaysian Risk-Based Capital (RBC) for underwriters and claims handling personnel. A Weblog from the past on RBC framework as seen from the eyes of a General Insurance underwriter…… Compared to the previous solvency margin methodology, this RBC is abit…

Sex Insurance, the Product (P1) Concepts

A LESSON ON NEW PRODUCT DEVELOPMENT I would love to move on by starting work on the other 3 Ps – P2 for Positioning, P3 for Pricing and P4 for Promotional but alas I have a friendly reader who insisted…