Insurance firm ordered to pay RM1.24mil to luxury car owner
A Malaysian High Court has ordered an insurance company to pay a luxury car owner over RM1.2 million after declaring her Porsche a total loss. The judge ruled that the insurer's demand for the owner to pay customs duties before receiving the payout was made in bad faith.
Why it matters
The ruling sets a legal precedent regarding the obligations of insurance companies and the interpretation of indemnity contracts in Malaysia.
Insurance firm ordered to pay RM1.24mil to luxury car owner | FMT
The article reports on a court judgment neutrally, presenting the arguments from both the plaintiff and the defendant.
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