Collection of cases seen as important in the directors and officers and professional liability insurance field
Cyber War & Cyber Operation Clauses Updated
The Bombay High Court has ruled that where the arbitration clause specifically provided for reference of dispute relating to quantum of compensation payable only under the insurance policy, the plea t...
The condition of lodging claim within a period of one month, extendable by another one month is contrary to Section 28 of the Act and thus void. Oriental-Insurance-Sanjesh-and-AnotherDownload
India : Supreme Court Judgement: M/s THE NEW INDIA ASSURANCE CO. LTD. & ANR. VS SHASHIKALA J. AYACHI
The delay in processing the claim and delay in repudiation could be one of the several factors for holding an insurer guilty of deficiency in service. But it cannot be the only factor. Judgement can be read her...
RIMS Comment Letter on Potential Federal Insurance Response to Catastrophic Cyber Incidents
“Non-compliance of Clauses (3) and (4) of the IRDA Regulation, 2002 preceded by unilateral inclusion, and thereafter followed by the execution of the contract, receiving benefits, and repudiation after knowing ...
“When the policy itself defines the acts of terrorism in the Exclusion Clause, the terms of the policy being a concluded contract will govern the rights and liabilities of the parties. Therefore, the parties ca...