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What is Malayan Insurance v. TKC Marketing Case about?

Malayan Insurance Corp. v. CA & TKC Marketing Corp. involved a shipment of soya bean meal from Brazil to the Philippines that was insured by Malayan Insurance Corp. (MIC). The ship was detained in South Africa by civil authorities due to questionable ownership. TKC filed an insurance claim that MIC denied, arguing the detention was not a covered risk. The Court of Appeals and Supreme Court both found in favor of TKC, ruling that the detention was a covered risk under the insurance policy. Specifically, the

Author

Aaron Ariston

Language

EN