FATAL FERRARI CRASH
Insurer right to refuse claim...
I DISAGREE with Mr Tan Kin Lian's observations and conclusions
("Ferrari crash: Regulator should step in"; Tuesday).
While consumer protection is a laudable goal that should be rigorously pursued,
there is a line between vigilant protection of consumers
and indiscriminately criticising finance-related companies.
... If that is so, why charge higher premiums?
I HOPE the Insurance Commissioner addresses the point
raised by Mr Tan Kin Lian on Tuesday
("Ferrari crash: Regulator should step in").
Aren't higher premiums meant to cover the insurers,
partly against the higher risk of exactly such claims of negligence
expected from such drivers?