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by Gabriel Olano 29 Jun 2017 Ant Financial, a fintech affiliate of e-commerce giant Alibaba, has debuted an artificial intelligence-powered image recognition system that can help motor insurance claims adjusters operate faster and more efficiently.Around 45 million vehicle insurance claims are…
Category: Claims
Did Uber, Grab drivers lie to claim insurance?
June 9, 2017 Nur Khairah Alegria Suner PETALING JAYA: Syndicates have emerged among drivers of Uber and Grab ride-sharing services to claim insurance by lying about the cause of their vehicle accidents, an association for regular taxi drivers has alleged.…
Insurers Liable for Late Payment of Claims
From today, 4th May 2017, the Enterprise Act 2016 (“the Act”) comes into force in the UK. All insurance policies that are issued, or renewed, from today and that are subject to English law and practice will be subject to the…
Malaysian courts continue to give effect to arbitration agreements
Shanghai All Green Environmental Engineering demonstrates the Malaysian courts continued attempts to give effect to arbitration agreements and to discount attempts to renege on agreements to arbitrate by relying on technical objections.
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
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….