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MOTOR INSURANCE CLAIMS New framework impractical and unjustified and Govt should check it I REFER to the new motor claims framework (MCF) imposed by the General Insurance Association (GIA) on Sunday. The total motor premiums collected last year amounted to more than $750 million. Yet, insurers suffered losses of $103 million, resulting in a payout of more than $853 million for their motor business. The association justifies the new framework by blaming non-accredited or independent workshops. But the facts show otherwise. There were more than 150,000 reported accident cases last year. Half the number would be at fault and would have to pay the insurance excess amount for their own damage claims. And those without comprehensive coverage have to pay for their own repairs. Another 30 per cent would arrange for the car agent or the insurers to do the repairs. That leaves only 20 per cent of motor accident repairs which are handled by an owner's preferred workshop. In fact, repair costs by the latter are likely to amount to less than 10 per cent of the total payout by insurance firms for motor claims. Yet, the association chooses to blame the issue of inflated claims on this minority group to justify a new framework which allows insurers to call the shots exclusively. The facts do not square with the GIA's rationale for introducing the MCF and forcing motorists to repair their vehicles at GIA-approved workshops. It is shocking that the GIA is allowed to implement a new MCF. The Monetary Authority of Singapore and anti-competition agencies should address the negative fallout from the new MCF viz: [*]Restricting the car owner's right to choose his own repairer; [*]Inconveniencing a policy holder into lodging a report within 24 hours even if there is no damage to his vehicle; [*]Diverting the repair business to a selected few; Restricting the trade of owner-repairers who comprise 95 per cent of motor workshops; [*]Transgressing the anti-competition act; [*]Penalising motorists if they do not follow the unfair terms by removing their no-claim bonus and denying policy renewals; [*]And forming a cartel to increase premiums. I urge the GIA to be transparent in detailing the actual losses, to study the actual cause of their losses and work with the Singapore Motor Workshop Association to find a pragmatic, fair and reasonable solution for motorists and their preferred workshops. Alan Chuang Managing Director/Accident Analyst, Partners Automotive Consultants http://www.straitstimes.com/ST%2BForum/Sto...ory_244160.html

Hey... post up all the local versions of transformer that you can find... Here's one from Vios

http://www.leftlanenews.com/honda-accord-future.html The sedan version should be the one KM is bring into Singapore. Also known as Inspire in Japan...or Accord in Singapore. Seems the front looks very much like the present Stream and rear door is very BMW-ish...

Guys... I went to C&C today accompanying my frien to rest drive Kia Picanto... in the end I am the one to bought a Kia Rio 1.5A... I still feel that i did it on impulse cos i have the slightest idea on hows the car and did not do much research . However is the only model tat i can afford : $0 driveaway and mthly payment is $540. Can all Rio 1.5A care to provide info of this car and hows the FC... seems tat the engine noise is loud for tis veh izit true? Since I have already ordered, will juz ve to accept it... here are some info which i need bros out there to comment : 1) how much is the rear spoiler including paintwork and can go where to do it? 2) How the diff in power for 14" and 15" sport rims? 3) is there any nice body kit for Rio? If yes waz the cost like and where can i do it? 4) Where can i get fog lamp for my rio? and roughly how much it cost? 5) izit illegal to install those white head light? 6) any gadgets out there to recomment that can improve power and reduce FC... really need info on this for those who gas tried and tested on their RIO. 7) ... EEeerr i think tats all and shld anything came to my mind will seek advise again... or any bros out there pls voice ur suggestion ... will def listen attentively.... Thanks anyway...