Category: Claims

Your Car was knocked by a commercial vehicle for hire and reward

Assuming your car is insured on a comprehensive insurance cover…. What if you were knocked by a vehicle that is licensed for commercial purposes, and specifically for hire or reward? Examples of such vehicle is taxis, buses and “A” permit….…

Man found guilty for staging road accidents to claim insurance

Rounding up accomplices desperate to absolve themselves from debts and financial hardship, Tew Yee Jeng, a 40-year-old Malaysian, made several trips to Singapore between 2012 and 2014, where he would orchestrate scam traffic accidents to make insurance claims for property damage and bodily injuries. The drivers he recruited would abruptly slam their brakes on purpose, leading to collisions with vehicles behind them that could not be stopped in time to prevent a crash.






Riot, Civil Commotion and Malicious Damage #LowYat Riot | Oh! My Car Insurance

- See more at: http://www.themalaymailonline.com/malaysia/article/low-yat-riot-victim-recounts-nightmare#sthash.NbDQYdxI.dpuf

A riot is defined by Black’s Law Dictionary as: An assemblage of three or more persons in a public place taking concerted action in a turbulent and disorderly manner for a common purpose (regardless of the lawfulness of that purpose). An unlawful disturbance of the peace by an assemblage of usually three or more persons acting with a common purpose in a violent or tumultuous manner that threatens or terrorizes the public or an institution. Courts around the world have defined riots with some extensions to the original definition in Black’s Law Dictionary. For example, it has been defined as “the gathering of three or more persons” with the “common purpose” to do “an un/lawful act [with the intent to use] force or violence.” It has also been defined as requiring “”tumult” or disturbance” at the time of the action.






SNATCH THEFT COMMITTED ON A MOTORCYCLE | A RECENT CASE LAW (court of appeal)

Section 94 and 95 of the RTA 1987 prohibits an insurer from relying on certain terms in an insurance policy for the purposes of excluding liability. On the other hand a term or condition which does not come within the purview of section 94 and 95 may be legitimately relied upon by the insurer for the purposes of excluding liability under the policy when a claim is brought by a third party. The question now is whether Section 91(1)(b) of the RTA 1987 can be legitimately relied upon by the Appellant to exclude liability. The answer to this question lies in section 95(k) of the RTA 1987 itself.






Insurance innovation focuses on claims | a changing frontier

Many activities are stand-alone solutions, process solutions, or simply new ways of approaching a traditional task. Advancements are found in all aspects of the value chain – from location based services being provided at the point of first notice of loss, to photo recognition tools






Professional contractual indemnities | watch your insurance exclusions

This article considers the issue, from a practical perspective, of the effect that indemnity clauses within contracts executed by “professionals” have on coverage under their professional indemnity insurance policy. In this context, a professional is one who has a professional indemnity insurance policy…. It is relatively common to find professionals signing away contracts containing various engagement or indemnity clauses to that the extent of exposing them towards indemnifying their clients and the owners in respect of….






Malaysian Insurer Liable for Passengers Injury in any Road Accident Involving Malaysian Vehicle that Occurred in Singapore

Malaysian Insurers are now liable for passenger liability in any road accident involving Malaysian vehicle that occurred in Singapore regardless whether a liability to passenger cover is extended or not in the main policy. The Motor Insurers’ Bureau of Singapore (“SMIB”)…

Motor Insurance Claim Handling Process

I like this article that was written by one Ms Lim Ka Ea, on her recent experience trying to understand how the motor claims handling process works…. You can view it over at the malaysian insider. I can understand her…

Understanding Unearned Premium Reserves (UPR) and Unexpired Risks Reserves (URR)

Consider unearned premium reserves is no different from unexpired risk reserves but in reality there are as adverse loss development is being factored in the actuarial computation

What do you understand between Unearned Premium Reserves (UPR) and Unexpired Risks Reserves (URR)? UNEARNED PREMIUM RESERVES. Simply say and forgetting about the more technical aspect of it, UPR is that portion of premium which is not earned by the…

Insurance Companies Snooping on Twitter and Facebook Accounts?

In US and Europe markets it is already a common thing for insurers to check various information of individual by “snooping” on to the social media platforms as a form of intelligence gathering. Insurers use of social media for anti-fraud purposes is no…