9/24/2018 5:37:00 AM
Source: Business Insurance
A 5.2-magnitude earthquake struck the Dominican Republic on Sept. 23 shaking several hotels on the island, Daily Star reported. The quake was also felt in Haiti.
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SUE AND LABOR CLAUSE
A clause in a marine insurance policy whereby the insurer accepts liability for charges incurred by the insured in seeking to preserve his property from loss, or to minimise a loss that would be covered by the policy. The insured is said to sue and labour for the protection of his property.