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Thai Motorcycle Taxis Face Higher Insurance Charges.
Nov. 5--Operators of motorcycle taxis will be asked to pay more for compulsory insurance, although the amount has yet to be determined.
"Like car-hire services, motorcycle taxis should pay a higher premium [than other motorists] as their services are entwined with lives and assets," said Wattana Muangsuk, a deputy commerce minister.
Mr Wattana said he was committed to pursuing an increase in premiums regardless of the political repercussions.
Given the high risks but low individual premiums of 200 baht a year, motorcycles are seen as bad risks and many insurance companies try to avoid the segment. General insurers say the premiums are so low that ...
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Source: HighBeam Research, Thai Motorcycle Taxis Face Higher Insurance Charges.