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Friday, Aug 02, 2002

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TN lorry owners for third party insurance

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THE State Lorry Owners' Federation has asked its member associations to take up with the insurance companies the issue of accepting third party insurance premiums.

The refusal of the insurance companies to accept third party insurance and the high insurance premiums charged by them has been agitating the lorry owners for some time.

At a meeting of its executive council on Wednesday, the Federation also urged the Government of India and the All-India Motor Transport Corporation to implement the "structural compensation formula" recommended by the General Insurance Corporation. In a resolution, the Federation wanted the State Government to provide protection to lorry owners in the wake of a large number of incidents of theft of goods from the lorries and the assault on the drivers and cleaners.

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