Tag archives: All-risks policy

All-Risks policy does not cover non-existent cargo

By Patrick Bracher (ZA) on June 19, 2018 Posted in Insurance

The English High Court held that an all-risks marine cargo and storage insurance policy did not cover a loss of copper ingots which were never shipped to the claimant who had in good faith paid for and taken up fraudulent bills of lading. The claimant bought 7 000mt of copper ingots for shipment to China. The … Continue reading

What is property damage under an all-risks policy?

By Patrick Bracher (ZA) on March 11, 2016 Posted in Insurance

A US insured suffered losses when the seal on a bottled beverage it was producing for another company failed quality control measures. A US court of appeals found that the losses were not covered by the “all-risks” property insurance policy because the losses were not physical loss or damage. The insured was to produce 40 million … Continue reading