ms yukos enterprisesea ltd another vs ms maxinsure t ltd another 2022 tzhccomd 93 8 april 2022
The insurance policies covered fire and allied perils, not burglary; defendants failed to prove arson or breach of warranty; plaintiffs proved existence of valid insurance, occurrence of fire, and total loss; insurance broker negligently failed to assist claim processing; both defendants are jointly and severally liable for indemnification and damages.
Source excerpt
- Indemnification
- Insurance broker liability
- Professional negligence
- Fire and allied perils
- Burden of proof
- Policy interpretation