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.
