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Commercial Registry - 2022 February

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1 judgment
February 2022
Eskayarts Limited v Madison General Insurance Company Limited (2020/HKC/064) [2022] ZMHC 19 (16 February 2022)
A broker-placed marine cover existed at loss time; insured value awarded, but consequential business losses denied.
  • Insurance law — validity of cover placed by broker — timing of electronic instructions and cover note; Marine-specific (valued) policy — indemnity principle limits recovery to insured value; Consequential/business loss — not recoverable without express policy provision; Evidence — burden of proof on plaintiff on balance of probabilities.
16 February 2022