Noura Company filed a claim for damages against GG Insurance Company, but the company refused compensation. How do You find the Noura Company's behavior?
Noura Company filed a claim for damages against GG Insurance Company, but the company refused compensation. How do You find the Noura Company's behavior?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Noura Company owns an entire building with 20 offices. It insured the building against fires with GG Insurance Company, providing a warranty that it will prevent the use of candles in the offices and will conduct inspection tours of the offices every month to ensure there are no candles. However, after 3 months of signing the policy, they did not make any inspection tours of the offices. Six months after signing the policy, a fire occurred because an employee forgot a lit candle in the office, which led to a fire in the building. Noura Company filed a claim for damages against GG Insurance Company, but the company refused compensation.
How do You find the Noura Company's behavior?
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