Page 39 - The Insurance Times November 2024

gross freight, and so far as they consisted of repairs, outfit, recover under the policies insuring freight upto the actual
and insurance premium on hull, they would ordinarily be amount at risk. Source: Various Published Reports.
included in-the policy on ship and materials.

This policy was therefore an over-insurance by double
insurance. The plaintiffs could not legally avail themselves
of it to enforce recovery of any sum in excess of the
indemnity allowed by law, but this was a “P.P.I.” or honour
policy, i.e., it was made “without further proof of interest
than the policy itself.” In other words, it was a wager, and
it is well known that the sums insured under such policies
are, under ordinary circumstances, paid with the same
regularity as if they were legally due.

Their Lordships reversed the order appealed from, and
entered judgment for the defenders. The court dismissed *I am thankful to Dr.S.Mukherjee, a Maritime Legal Expert
the defenses raised by the defenders and held that the and International Investigator for Maritime Fraud for his
pursuers were enttiled to recover under the policies insuring advice.
freight upto the actual amount at risk. The judgement of Dr.Soumi Mukherjee completed her Graduation in Mass
the Lord Ordinary was upheld. The court found in favour of
the pursuers, holding that the sailing ship was not Media and Masters in Mass Media from University of
unseaworthy due to the master’s alleged incompetence. Mumbai, later completed her Ph.d. She is interested in
Investigative Journalism related with History, Geography,
However, the policies were deemed voidable due to the non- Zoology etc. She is currently serving in Media Officer
disclosure of material facts, including the master’s history
with International Police Organization.
and over-insurance. The pursuers were granted the right to

Abhijit K.Chattoraj, a Chartered Insurer, joins Prestigious IMS Unison University,

Dehradun, as a Professor and Director of the Executive Program and Consulting

Prof (Dr) Abhijit Chattoraj, an established academician and a professional with
international acclaim and a proven track record in academic administration, joined
IMS Unison University in September this year after an eventful career with BIMTECH
for more than 7 years. His mandate in his current assignment also includes conducting
various value-added activities in insurance and risk management. Prof. Chattoraj is a
Chartered Insurer and Goodwill Ambassador of the Chartered Insurance Institute in
India. Previously, he was a member of the Board of Governors in Asia Pacific Risk and
Insurance Association (APRIA) -Singapore. He has been the. Vice President of the Risk
Management Association of India since 2017 and associated with 'The Insurance Times'
for more than 30 years. He is a keen researcher and consultant engaged with several
live research projects in the insurance industry.

Before joining IMS Unison University, he worked as Dean- of SW&SS between 2021
and 2024 and as Professor and Chairperson of the Insurance Business Program at
BIMTECH from May 2017 to May 2024. He also had a stint as a researcher and Chairperson of PGDM and Students'
Welfare at the National Insurance Academy (NIA) in Pune, India. He also headed Amity Business School, Amity University,
Mumbai, between 2015 and 2017. He also worked in various capacities for a well-known public-sector insurance
company for about 20 years.
Recently, he authored a book titled 'Newsprint to Heartprint- An Ingenious Odyssey of Harivansh in Prabhat Khabar'
along with Dr Srinath Sridharan and Prof. Saloni Sinha and edited and co-authored 'India Insurance Report - Transforming
Indian Insurance - Series -II' Published by Sashi Publications. Many congratulations from The Insurance Times family.
- Editor

The Insurance Times November 2024 35