Insurers disagree, but defend right to refuse risky clients
More uninsured drivers could be on Malta’s roads as many insurance companies refuse to cover for motorists with a poor safety record or make a single large claim, the financial services arbiter has warned.
Reno Borg described the issue in his 2019 report as a “worrying aspect” of the motoring industry and a “serious concern” that needs to be addressed, but the Malta Insurance Association said they had seen no evidence of a problem.
The report said that insurance-related complaints made up 57 per cent of the 1,062 complaints received last year by the Office of the Arbiter for Financial Services.
Motor insurance, which is compulsory, is the biggest ...
Should you wish to read the full article kindly click here.
As reported on the Sunday Times of Malta on August 2, 2020 by Mr Keith Micallef.
Insure with Confidence:
Your Trusted Insurance Hub
It is a non profit-making organisation that represents the views and common interests of all insurance companies in Malta.More about us
More related news
The cost of vehicle repairs has skyrocketed, with some car parts increasing by 350% in price over last year,...moreRead More
Insurance Companies Concerned as Media Reports Unqualified Drivers Passing Driving TestsThe Insurance Associ...moreRead More