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The Ombudsman for Short Term insurance has ruled that an adventure resort’s insurer is liable to indemnify it against a claim brought by one of its patrons.
Peter Lamb, a director in the admiralty and shipping team at Norton Rose Fulbright South Africa, recently wrote an article which we thought our readers would find interesting, on commodities fraud, passing of risk and insurable interest, as set out in the Quadra Commodities decision.
The strongest deterrent against FSP compliance missteps is or should be: