Updates/Latest News

Madras High Court: IAR Policy – MD and BI covers – Are they two separate contracts: Judgement in Tagros Chemicals India Private Limited VS. United India Insurance Company Limited

  “Be that as it may, in the present case I am unable to accept the contention of the Insurance Company that since they are repudiating the business interruption claim part, the same cannot be referred to ...

Lloyd’s Manual: Glossary

LLM11000 – Lloyd’s Manual: Glossary This Glossary contains some of the terms commonly referred to in insurance. A more comprehensive dictionary of insurance should be used where a more detailed defi...

Australia : Failure to extend liability insurance cover to customer as per Contract is a breach – Judgement in Rusbridge v Lake Fox Limited [2024] QSC 279

“As I have explained, the TSA required that ROTC extend the cover of its broad form public and product liability policy to Orica. The fact that extending the policy to Orica may be difficult, or evenimpos...

Allianz – Allianz Global Insurance Report 2024

Allianz Global Insurance Report 2024: Transformative years ahead for the insurance sector

Travelers: 2024 Risk Index

2024 Risk Index: Cyber Concerns Reach All-Time High

EU – Directive on liability for defective products and repealing Council Directive 85/374/EEC

Directive on liability for defective products

INDIA: KANAN KNITWEAR VS TATA AIG GENERAL INSURANCE CO.LTD. JUDGEMENT: Repudiation of claim due to non-disclosure of facts

“From the foregoing, it is manifest that the claim of the appellant under the policy which had been repudiated on the grounds that the premises were not in the insured’s control and was therefore, void. Admitte...

INDIA: NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION: CANARA BANK VS. M/S. SHREE SHAKTI FOAM: JUDGEMENT: Bank Cannot Be Held Liable For Lapse In Coverage Unless Explicitly Agreed

“In this case, it is clear that as per Cash Credit Agreement, the primary responsibility of getting the insurance done was of the complainant company. The bank could, but was not bound, to take out the same on ...

STANDING COMMITTEE ON FINANCE(2023-2024) SEVENTEENTH LOK SABHAMINISTRY OF FINANCE(DEPARTMENT OF FINANCIAL SERVICES) PERFORMANCE REVIEW AND REGULATION OF INSURANCE SECTOR SIXTY SIXTH REPORT

Sixty-Sixth Report of the Standing Committee on Finance (17th Lok Sabha) on Performance Review and Regulation of Insurance Sector

India: Supreme Court Judgement: SBI General Insurance Co. Ltd. Versus Krish Spinning( Civil Appeal No 7821 OF 2024 (Arising out of OF SLP (C) NO. 3792 OF 2024) (18th July, 2024) – Arbitration Issue

The Hon’ble Supreme Court of India analysed exhaustively provisions of the Arbitration and Conciliation Act, 1996 in the context of three major issues for determination. Whether the execution of a discharge...