Bank wrongly insured different classes of fire insurance. The working class will always dream to have a roof over their head. In order to archive the goal, they toil hard from dawn to sunset. Some even do moonlight on several jobs in a day. They save every a single penny. They called the modern Zombie […]
The Fast claim on equipment breakdown insurance
The Fast claim on equipment breakdown insurance. Generally speaking, most households have numerous pieces of equipment at home. It can be kitchen electrical appliances, air conditioning, a robotic vacuum cleaner, or lawn movie machinery. Likewise, it is the same for a factory using equipment for fast production. Mega Risk Insurance A plastics molded manufacturer […]
Claim insurance damage on fallen tree and branches
Claim insurance for damage to fallen trees and branches. The atmospheric warm has gradually increased the earth’s temperature by a few degrees over 5 decades. This is mainly due to the massive deforestation caused by human economic activities. Having said this, Malaysians generally do not like to plant trees around their house compound. They often […]
Air Transportation Linear Accelerator Ex USA after 9/11
How can the Air Transportation Linear Accelerator Ex USA be underwritten after 9/11? I was in Kuantan port at that particular time as part of the team investigating a shipment from Indonesia being hijacked. Lloyd Intelligence mid-ocean satellite AIS coverage detected the ship was abandoned at the Kuantan port minus cargo. Back at the hotel for a rest, […]
Bank Misrepresentation Puts Insurers at Risk
Banks misrepresent consumers, putting insurers at risk. By exploiting consumer ignorance, banks make excess profits and expose insurers to potential losses, especially in underdeveloped nations where laws and regulations governing bank activities are lacking. This unethical practice needs better oversight to protect all parties involved. Bank Misrepresentation Puts Insurers at Risk Freight Forwarder. In addition […]
Frequent Storms Batter Malaysia Homes
Frequent storms battered Malaysian homes on March 13, 2017, from 5 pm to 6 pm, causing significant damage. Fallen tree branches damaged several cars, and some houses lost their roofs, including the emergency room of Kulai Hospital. How often do storms lash Malaysian homes? Storms in Malaysia can occur quite frequently, especially during the monsoon […]
Insurer and Agent Ignore Duty of Disclosure
Insurer and agent ignore duty of disclosure. The insurer and agent are not following the duty of disclosure. In the insurance industry, there is a rule that the applicant must sign on the dotted line before the agent can submit the proposal form to the company. In the life insurance industry, to fulfil the quote or qualify […]
Full theft vs burglary insurance policy
What is the difference between a full theft and a normal burglary insurance policy? The bank misled the lawyer on the insurance policy, assuming she understood all terms, clauses, warranties, and exclusions. This is a common wrong assumption, as the lawyer is not trained in all technical insurance jargon. Missing Gold Necklace I recall […]
Bank Pushes Outdated Mortgage Term Assurance
Bank Promotes Outdated Mortgage Reducing Term Assurance. Why is it so? The bank placed priority on their interest first instead of the borrower on the housing loan. Too sad, that the public was willing to accept the bank offer and incorporate it as part of the loan amount. Bank Pushes Outdated Mortgage Term Assurance I […]
Conman Secures Full Insurance Settlement
“Conman Secures Millions in Fraudulent Insurance Settlement” Is it easy to cheat insurers to claim money? A true story about how a conman cheated an insurance company. Revealing the complexities and risks involved in the garment industry. Learn the details in this true story. Conman Secures Full Insurance Settlement Garment Factory Fire Garment factories need […]