Insurance
What I Learned about this Complex Insurance Industry from Ramesh Krishnan’s Lawsuit and Interview
By Investment Moats  •  August 21, 2017

Something about this saga didn’t add up to me.

This week, the Straits Times published a story of an insurance agent who won his appeal against a former employer who cost him 2 subsequent job applications.

Mr Ramesh Krishnan was an insurance adviser with AXA. He tendered his resignation and approached Prudential and Tokio Marine to join them.

Both applications didn’t work out and he decided in 2012 to file a defamation suit against AXA, on the grounds that their failure to meet the standard of care for Mr Krishnan cost him his job at Prudential and Tokio Marine.

He was looking for $63 mil in largely what would be future compensation.

The 2012 defamation suit was a failure and he decided to appeal.

In this week’s news, the court awarded him $4 mil, far lower than the $63 mil he was looking for.

Lawsuits like this happen quite frequently, ...

...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance