09 Sep '12, 4am

AXA puts Ferrari case to the test; outcome will have implications for reckless motorists

"AXA's stand is rare and bold. The viability of its line of argument depends on the specific facts. Given the number of fast cars and how they are driven on the roads of our small city state, there is obviously an interesting issue that should be decided." SENIOR INSURANCE LAWYER NIRU PILLAI, adding that there were many more cases of speeding defaults than drink driving INSURER PLEDGES TO COMPENSATE THIRD PARTIES AXA Insurance Singapore has made it clear that it will honour all its legal obligations arising from the Ferrari car crash that left three people dead and two injured in May. Sports car driver Ma Chi died at the scene while cabby Cheng Teck Hock, 52, died in hospital along with his Japanese passenger, Ms Shigemi Ito, 41. Motorcyclist Muhammad Najib Ghazali, 26, and Mr Ma's passenger, Ms Wu Weiwei, in her 20s, were injured. While AXA is asking the courts to back it...

Full article: http://www.straitstimes.com/breaking-news/singapore/story...

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