Taxi association optimistic about resolution with Advantage General
Head of the National Council of Taxi Associations (NCOTA) Dion Chance, is expressing optimism that a solution can be arrived at for public passenger vehicle operators who need insurance coverage.
Chance describes as fruitful, yesterday’s meeting with Advantage General, the major insurance company for public passenger operators.
The company announced that as of last Monday it would stop accepting new business with taxis and other public passenger vehicles.
It said the decision was taken because its losses from public passenger vehicle claims have been above tolerable levels.
Among the possible solutions looked at during yesterday's meeting is a proposed system that would overhaul how public passenger vehicles (PPV) are insured.
Chance says the association pointed out that a number of operators have moved to regularise themselves under the recent amnesty offered by the Transport Authority and this should address issues surrounding PPV insurance coverage.
He says the issues are to be further discussed at follow up talks.
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