Criminalise false accident reporting to insurers. DRIVERS who make false statements on a vehicle accident to insurance companies, take note. The Motor Insurance Taskforce, set up last September to address the issue of rising motor- insurance premiums, said yesterday that it is proposing to criminalise false accident reporting to insurers. The taskforce’s members include the [...]

MOTOR insurance’s losses shrank to $44.5 million last year …from 2008′s record loss of $214 million. This is due to better underwriting discipline and an initiative to improve claims reporting, according to General Insurance Association (GIA) yesterday. Although the motor insurance’s losses has shrank, the sector is still in the red and personal injuries claims [...]