INSPENONLINE: Kuwait - Court orders insurance firm to pay Egyptian KD 14,000 comp

Sunday, 9 March 2014

Kuwait - Court orders insurance firm to pay Egyptian KD 14,000 comp

The Commercial Court ordered an insurance company to pay an Egyptian expatriate a compensation of KD 14,000 for the injuries he sustained on various parts of his body due to the fall of an elevator in a company, which resulted in death of several workers and injuries to others. According to the case files, counsel to the Egyptian Lawyer Zaid Al-Qabas sued the insurance company demanding for compensation for the injuries his client sustained when the lift of a company fell.

Amedical report indicating the injuries was also submitted. Lawyer Al-Qabas stressed that the insurance company is responsible for his client's injuries because it was incharge of fixing and maintaining the lift and ensuring the safety of those using the lift. He added that the lift had a valid comprehensive insurance when the incident occurred, because of which the insurance company must take the full responsibility of compensating his client

Source Arab Times

　

　

　

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Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

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