According to some source, the withdrawal of portfolio on 'A' permit is a good measure by the management as it contribute to massive loss due to it's liability nature and inherent risk of the commercial vehicle. The uniform wording which subject to unlimited bodily injury and pave incentive for class action negligence claim regarding buses, passenger's vehicle third party liability, passenger's liability.

My point of view is that the insurer had themselves to blame as it never trains it's distribution channel on the legal aspect properly and just rely on MII Certificate to recruit more agent and appoint more used and new car dealer and even workshop to increase their portfolio and intention of listing their share to the public and let the public equity suffer when economic downturn invite more claim and washing hand as the suffering minority shareholder are public who know nuts about insurance.  

Way back my years of employment with one of the prominence foreign insurer, I was train as an in house insurance agent , given free hands on underwriting and inspection of premises from condominiums to SME etc. One of the incident was way back in 2005 May there was a massive lost due to flood to a restaurant portfolio under my care due to non-serviced account. I wonder how an insurance company underwrite a risk as this restaurant are situated underground of the Dataran Merdeka shopping facilities which were prone to flood in history with flood cover resulting in a bad total lost claim.

Who are the professional advisor and the authority who approved to build these structure under what is the most frequently hit flash flood area in KL near by the Klang River. As most insurance policies carry a Subrogration Clause which allow the insurance company to subrogate the loss paid on the proximate caused as the flash flood are due to inability of water flow due to narrowing and shallowing of rivers, but are these clause put in practice in Malaysia.


link: http://rojaks.blogspot.com/2007/06/kuala-lumpur-flashflood-again-even-with.html