You looking at me?
Few brokers are willing to look towards the taxi insurance market and many are pulling out of this troubled sector. Rachel Gordon investigates why cover for cabbies is stuck in traffic.
If you want to frighten a motor underwriter, ask them if they providetaxi insurance. Chances are you will be met by stony silence, followed by
a swift exit.
One reason is the hefty losses suffered as a result of spiralling personal
injury claims. There are also other problems - there have been numerous
scams operating where cab drivers have staged accidents to fraudulently
receive insurance payouts. And, as with other types of motor insurance,
some providers were guilty of pricing their cover far
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