Thailand Video News: Insurance Giant Loses 40 Billion Baht Covid Lawsuit (short)

[Video News]

 

 

Insurance Giant Loses 40 Billion Baht Covid Lawsuit:

Syn Mun Kong Insurance Public Company faced a significant legal defeat as the Central Administrative Court dismissed their 40 billion baht lawsuit against the Office of Insurance Commission. The lawsuit contested the commission's ban on cancelling Covid 2 in 1 insurance policies during the pandemic. The court upheld the commission's order, which protected 16 million policyholders from policy cancellations, affirming its necessity to maintain trust and coverage integrity in the insurance sector.

[Mbolo]

Nice one. 

[ThaiFelix]

16 hours ago, Mbolo said:

Nice one. 

Yes having been one who has fought with an insurance company over blatant extortion............I can only smile.  Slowly turns the wheel!                 

[jippytum]

Greedy inept underwriters at fault here. They accepted the premiums issued the policies  then tried to cancel when they had to pay out. Well done the courts on this occasion.