Bid to increase insurer liability payouts for road accidents – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Bid to increase insurer liability payouts for road accidents

A proposal to boost insurance payouts for road accidents have been put before Parliament.

The legislation, an update to a law passed in the 1940s, seeks to increase insurer liability for anyone travelling in a car or “a public carriage”.

The insurer liability for anyone in a car would increase from $125,000 to $375,000.

Insurer liability for the total claims for any one accident for each vehicle involved would rise from $500,000 to $750,000 under the Motor Car Insurance (Third-Party Risks) And Public Carriage Amendment Bill.

The liability from the “death or bodily injury to any person being carried in, or entering onto, or getting into or off of a public carriage” would increase from $125,000 to $375,000.

New legislation: insurer liability for the total claims for any one accident for each vehicle involved would rise

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Published December 14, 2021 at 4:00 am (Updated December 13, 2021 at 5:07 pm)

Bid to increase insurer liability payouts for road accidents

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