Share 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 more a violation of privacy than the way other companies use such information for marketing and other purposes. The problem is that the concept of what is public and private has changed, and...
Share Issues of non-disclosure, concealment or misrepresentation of Material Facts A common confrontational piece between insurer and assured - in the guise of non-disclosure, misrepresentation or concealment of material facts, which in this case (outlined below) under discussed here was about the health aspects of the life assured. She bought the insurance without declaring that she has anemia….. there was no medical checkup since sum assured was below the threshold. She subsequently passed away due to a heart attack, nothing...
Share Forensic Services (M) Sdn Bhd The word “forensic” is generally misunderstood by the majority of people. This is again largely because of the proliferation of television shows and movies that are produced these days that relate to the forensic gathering of evidence. Check out what Forensic Services, Malaysia has to offer….. @www.forensic.cc Generally, the main reasons for investigating accidents are in respect of the following: Large loss requiring due diligence Determination of liability...
Share At times we may be requested to issue a Contractors’ All Risks policy in Malaysia to insure an overseas’ risk, either the risk being an incidental part of the main risk or it is the main risk itself. Usually is more incline to the latter. Under such circumstance, it is important to take note of the policy jurisdiction from two aspects as it is normal for underwriters to forget about section II in...
Share EXPRESSED WARRANTY MUST BE CLEARLY WORDED OTHERWISE IT WOULD BE SUBJECT TO COURTS INTERPRETATION…. freely so to speak! SOON HAI KEE SHIPPING SDN BHD VS. TOKIO MARINE INSURANS (MALAYSIA) BERHAD This so-called bizzare judgment relates to the case of Soon Hai Kee Shipping Sdn Bhd v Tokio Marine Insurans (Malaysia) Berhad released in April 2010. The Kuching High Court basically concluded that the plain words of an express warranty contained in the usual...
Share What are punitive damage awards? In the context of this posting, punitive damages or what is usually termed as exemplary damages are damages intended to deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit. Although the purpose of punitive damages is not to compensate the plaintiff, the plaintiff will in fact receive all or some portion of the punitive damage award. Punitive damages...
Share Is it really very difficult when coming to the subject of determining the value of tea leaves? What about determining the types and grade of those leaves after a loss incident? How can we recognise tea leaves of higher grade or value from those that are lower in range? What is the difference between the method(s) used in determining the value of wine and those of tea leaves? WHAT IS EXACTLY DIFFICULT? Tea...
Share 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 include liability to their passenger(s). In a classical case, some three years ago, Madam Koo Siew Thai was a...
Share 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 in Masefield AG v Amlin Corporate Member Ltd. (A special thanks to Jai Sharma for putting this write-up...
Share The recent revised National Automative Policy (NAP) has outlined the gradual phase-out of imported used vehicle parts and components. The government has raised concerns over safety and environmental issues from continuing with the practice of importing used parts and components without any restrictions or mandatory tests. Thus this NAP review would be introducing a mechanism to prohibit imports of used parts and components effective June 2011. And by June 2011 the import of...
Top
List
Click Here!
Search
Engine Submission - AddMe
sending...
Recent Comments