Suggestion comes amid fears costs for third-party liability insurance will jump The minibus industry yesterday said it wanted to install 'black boxes' in vehicles to record their speed, amid fears that premiums for third-party liability cover would greatly increase. The 10 minibus drivers' associations fleshed out a seven-point proposal to improve safety, which was submitted to transport functional constituency legislator Miriam Lau Kin-yee. The Bank of China (Hong Kong), which handles about 80 per cent of third-party liability insurance for the city's 1,600 minibuses, said last week it would not be insuring public minibuses from this month because of poor insurance records and a recent spate of accidents. Chairman of the Public and Maxicab Light Bus Merchants' United Association Leung Hung said: 'The 10 associations have agreed that a standardised device for recording the driving conditions be installed in every minibus. We also agreed that drivers attend skills courses on driving, which are run by the Education and Manpower Bureau.' Last night, Target Company, which offers third-party liability insurance for minibuses, held a meeting to decide how much to increase premiums, with a decision due this morning. On average, minibus drivers pay an annual premium of $28,000 to cover a new vehicle. But there are fears that premiums for third-party insurance could shoot up by as much as 40 per cent in the wake of a recent accident involving two minibuses in which two people were killed and 18 injured. Other concessions made by the drivers include a 24-hour traffic police hotline inside the vehicle for passengers to lodge complaints, a clear displaying of the driver's licence on the windscreen and the drawing up of a safety code. They have also backed modernisation of the fleet and promised support for a government proposal to install cameras at road junctions to deter drivers from jumping traffic lights. But Mr Leung said his association was still against a proposal to increase the demerit points for jumping traffic lights. The Environment, Transport and Works Bureau welcomed the proposal. A spokeswoman said the suggestions, along with the review of the demerit points, would be discussed by the Legislative Council's Panel of Transport and the Transport Advisory Committee.