primo gaming LTO chief bats for increase in vehicle liability insurance

Land Transportation Office chief Vigor Mendoza II

MANILA, Philippines — Land Transportation Office (LTO) chief Vigor Mendoza II has called for an increase in vehicle liability insurance, after a P200,000 payout from the company that owned the truck involved in the fatal accident along Katipunan Avenue.

The company turned over the money to the LTO in a press conference on Wednesday at the latter’s central office along East Avenue in Quezon City, explaining that it was also allocating a budget and processing more insurance claims to fund aid for victims of accidents.

Article continues after this advertisement

READ: Company turns over cash aid to LTO for victims of Katipunan crash

Gorman will become chairman on Jan. 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney’s board for nine years.

Unemployment among young people and college graduates jumped from 13.2% in June to 17.1% in July, as some 12 million students entered the labour market, before the August figure rose to its highest level since the National Bureau of Statistics decided to change the methodology to not include students in December 2023.

FEATURED STORIES NEWSINFO Rep. Tulfo apologizes for using Edsa busway NEWSINFO SWS: 59% of Filipinos satisfied with Marcos admin in December 2024 NEWSINFO Company turns over cash aid to LTO for victims of Katipunan crash

“The LTO and the Insurance Commission are talking about many things; number one, how we will be able to increase our benefits,” Mendoza said in Filipino.

“This is what we’re looking at right now: kung paano ito magagawa (how this will be done) without necessarily pushing up the premium [higher] than the reach of our motorists,” he added.

Article continues after this advertisement

Mendoza also pushed for expediting the release of benefits under motor vehicle insurance to deliver aid to victims of road crash incidents as quickly as possible.

Article continues after this advertisement

“It’s a big help when there’s already assistance coming from the insurance provider… If help will arrive immediately, that’s a big thing. You wouldn’t have to think about which pocket you’ll be pulling funds from,” the LTO chief said.

Article continues after this advertisement

“So, we’re looking into that possibility, that there’d be a hotline that the public could access in case of an accident for immediate relief, that help would arrive for the insured and much more could be given to the victims,” he added.

While he could not give an exact timeline, Mendoza said the proposal was “top priority” for both his office and the IC, adding that a decision may be expected “within the next few weeks.”

Article continues after this advertisement

READ: Transport groups call for increase in vehicular liability insurance

play slots

Last August, transport groups called on the IC and the LTO to increase the insurance for vehicular accidents to ensure the safety and well-being of motorists and victims.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

An IC memorandum effective last March increased the amount under the compulsory motor vehicle insurance coverage from P100primo gaming,000 to P200,000.

READ NEXT Court asked to order rearrest of persons involved in missing s... Maguindanao officials, candidates turn in unlicensed guns to Army EDITORS' PICK Hundreds of millions in Asia celebrate Year of the Snake Visiting forces agreement talks underway between PH, New Zealand Illegal mining in Surigao City leaves deep, painful scars UK backs third Heathrow runway in growth takeoff bid Truck company turns over cash aid to LTO for victims of Katipunan crash Late Jesuit priest Eduardo Hontiveros nominated for National Artist for music MOST READ Carpio fears PH pact on Ayungin Shoal may expand China’s reach Marcos admin bets still dominate 2025 Senate race Navy: Drone found off Cagayan contains data on body of water Rep. Tulfo apologizes for using Edsa busway Follow @FMangosingINQ on Twitter --> View comments