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. Admittedly, the landlord placed his ...
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 behalf of ...
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 voucher towards the full and final settlement between the ...
USA: D&O Coverage denied for $118 Million DOJ Settlement Because of Professional Services Exclusion – Opinion of COURT OF APPEAL OF THE STATE OF CALIFORNIA, FIRST APPELLATE DISTRICT, DIVISION TWO
Companies offering professional services, particularly, IT/ITES companies should be cautious of any broad/ absolute exclusions like professional service exclusions, cyber exclusions, and pollutions exclusions etc. Takeaways: 1. Informed decision-making helps. Anticipating Coverage Requirements and understanding what is available under various ...
