Court rules against insurer, awards Zen Department Store B1.977bn for 20120 fire | Bangkok Post: news

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Zen awarded B1.977bn 2010 fire claim

The Bangkok Civil Court has ordered insurer Deves Insurance Plc to pay client Central Department Store Co, operating as Zen Department Store, and the Crown Property Bureau a total of 1.977 billion baht in claims for damage caused by a fire at CentralWorld at the end of the red-shirt protest at Ratchaprasong, in downtown Bangkok, in May 2010.

Photo by Kosol Nakachol

The company bought fire insurance and business disruption insurance from Deves Insurance.

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Your comments

  • soltair

    ThailandPost : 799

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    Discussion 4 : 06 Mar 2013 at 10.204

    Putting fire to a building purposely is an act of terror but then, may we call it riot? This is excluded in any insurance policy.

  • rod266

    AustraliaPost : 68

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    Discussion 3 : 05 Mar 2013 at 15.303

    Deduct this from all the red shirt compensation payments...their cause and their consequences.

  • soltair

    ThailandPost : 799

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    Discussion 2 : 05 Mar 2013 at 14.132

    "The court ruled the fire was not caused by terrorism" I guess this is debatable for quit a few.

  • geoffo

    ThailandPost : 2,916

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    Discussion 1 : 05 Mar 2013 at 13.461

    Arsonists were blamed but the Court says they were not terrorists.

    This ruling has major implications for insurers in the future doing business here, for those in prison now and for those who started the fires and their bosses who one day will be exposed during the inevitable Truth and Reconciliation process.

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