‘Record-high’ HK$ 150,000 insurance coverage premium for Hong Kong taxi is newest situation noting soaring costs for a sector sobbing for surcharge, fare raise
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Taxi company employer Chan Ming-sang’s jaw dropped when he received an insurance company’s letter in March, setting the yearly costs for one of the taxis in his company’s fleet at practically HK$ 150,000 (US$ 19,300).”I was totally surprised,” he informed the Post. “This was record-breaking. The entire taxi sector has actually never ever found such a high premium.”The taxi concerned had been involved in an accident, and also the 61-year-old motorist that hired it was fined HK$ 1,000 for careless driving after striking an elderly …