‘Tsunami-affected shipping company eligible for insurance’

The Madras High Court has dismissed the appeal of an insurance company, which refused to pay damages to a shipping company affected by tsunami stating that their barges were only insured for perils of the seas and not for earthquake, which is the proximate cause for tsunami and the damage of the vessel.
‘Tsunami-affected shipping company eligible for insurance’
Madras High Court

Chennai

2006 tsunami damaged barges
Earthquake not covered

Related Stories

No stories found.