The Straits Times
www.straitstimes.com
Published on Sep 09, 2012
 

Rochor Road Ferrari crash payout rejection is test case by AXA

Outcome of insurer's bid to reject payout has implications for reckless motorists

 
 

AXA Insurance Singapore is making a test case out of its bid to reject any payout to the family of Chinese national Ma Chi, the Ferrari driver who died in a high-speed crash which left two others dead and two injured.

If it succeeds in its High Court move, there will be insurance implications for other motorists, especially owners of the growing number of high-performance sports cars here.

The insurer claims Mr Ma's recklessness meant that the May 12 tragedy was a "collision" and not an accident, and therefore it should not pay any compensation to his estate.

If the courts agree, the insurer will be allowed to claim from Mr Ma's estate all third-party compensation it pays to the other victims.