Category: Insurance Coverage

Insurance covers concerning Property and Pecuniary classes

Piracy Update: EU Council Regulation 356/2010 reinforcing US Executive Order concerning Somalia

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. The best job…

Piracy update – Effect of US Executive Order on ransom payment

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…

A Boeing 747-400 JOY-RIDE that can be explosive to your Excess of Loss Protection!

1st May 2010┬ámorning 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…

The New Motor Insurance Cover – taking a glimpse……..

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…

Aviation Insurance….. We pay! Please don’t bother to take off…

TRYING A HAND ON MICRO-BLOGGING… ­čśÄ 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…

Is your Performance Bond portfolio measuring up to a Judicial’s under-cut swing?

Judges are people who can make or break an organisation or perhaps make some scurrying for a solution….┬á Sometimes they manufacture decisions that are so damned structural but yet defying the layman simplicities,ie. a straightforward interpretation of sentences and words.…

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…