Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
APA Insurance’s bid to block payout for fire fails
APA’s claim that Britind’s office furniture and fittings, motor vehicles, machinery, tools and equipment, and computer equipment were valued at Sh7.53 million as at the end of March 2015, as opposed to the valuation done before the fire outbreak, was rejected.
The Court of Appeal has ordered APA Insurance to pay a manufacturing firm Sh58.6 million as compensation following a fire that gutted the firm’s premises, hardly two months after the insurance took effect.
The award is a 28.8 percent reduction from the Sh82.33 million that the High Court had awarded the manufacturer—Britind Industries Limited— in February 2023 before APA appealed the decision, claiming that the fire was “deliberately or wilfully” started by the firm.
