Summary Recently, a prominent realty firm in Pune fell victim to a sophisticated whale phishing attack, losing Rs. 49 lakh. Fraudsters, posing as the company’s CEO, used fake caller IDs and deceptive messages to manipulate the firm’s CFO into transferring Read more…
One of the largest multinational corporations in the world has been in the news lately. They are facing a 100-million-pound lawsuit in the UK over claims that their COVID-19 vaccines caused deaths and injuries to several people. They admitted in Read more…
Role of exceptions in an insurance policy? Background: The case involves a dispute between M/S Shivram Chandra Jagarnath Cold and The New India Assurance Company Limited, originating from a judgement by the National Consumer Disputes Redressal Commission (NCDRC) dated 14 Read more…
The Importance of Professional Indemnity Policy for Small IT Companies In today’s digital age, small IT companies play a crucial role in driving innovation and supporting businesses across various industries. However, with great responsibility comes the potential for significant risk. Read more…
In ancient times verbal agreements were the norm. As civilizations evolved, written contracts became increasingly prevalent, and the law began to recognize their enforceability. Contracts serve as the backbone of commercial and personal transactions, outlining the rights and obligations of Read more…
Does the recent Bangalore cafe blast incident fall within the purview of terrorism coverage under property insurance? The investigation is being conducted by National Investigative Agency (NIA) which is mandated to investigate terrorism incidents. Criminal case has been registered under Read more…
Port Blockage – Arising out of the Baltimore Bridge Collapse due to the impact by vessel MV Dali, there is complete shutdown of the port of Baltimore, one of the busiest ports in the United States. All inbound and outbound Read more…
The material damage provison of the LOP says there has to be an indemnifiable loss or damage under the material damage policy for the LOP claim to trigger. “……the Company agrees (subject to the Special Conditions and Exclusions contained herein Read more…
Latency refers to the time gap between the causation of injury from an accident and the consequence or outcome of the same. For instance, traumatic brain injuries (TBI) can cause progressive neurodegeneration and disability or death several weeks or months Read more…
These three insurances PRI, CPI and MRI, have a lot of similarities as well as differences. They are meant to cover situations where there is something wrong with a product that has to be recalled and/or safely disposed of. PRI Read more…
