‘NO FAULT CLAIM’ – CASSA CAUTIONS BANK NEGARA! (Part 3)

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Kudos to Malaysian Chief Justice Tun Zaki Azmi for the proactive move and fast tracked changes!

Today, this matter has been handled very professionally with the needed key performance indicators (KPIs) in place.

Secondly, Tun Zaki has introduced the whole question of mediation where Judges are to fix matters for mediation to narrow down contentious issues and thereafter commerce hearings!

And it is working so when not broken, why try to fix it?

As far as the awards go there is uniformity of awards and there are guidelines for judges to follow.

And such no runaway obese vulgar awards!

So who is stirring this hornets’ nest?

So who is seeking obese vulgar profits by sacrificing Malaysian consumers?

Have the courage to go on record!- Dr Jacob George


‘NO FAULT CLAIM’ – CASSA CAUTIONS BANK NEGARA! (Part 3)

It always shocks me how government organizations and other key ministries or institutions fail by ‘shooting themselves in the foot’ by sheer arrogance or worst, incompetence!

The Malaysian demography is today crying out for participation in government policy issues and rightfully so.

But sadly, in this case of the ‘no fault claims’ or call it whatever you want – again, the glaring absence of grouping all stakeholders before drafting the script of change is grossly visible!

There is a rumor that two law firms are to be asked to participate?

I must advice Bank Negara again that if this rumor is true; asking two law firms to provide an opinion paper is not consultation with stakeholders!

The two law firms are not stakeholders for the Consumers, the Malaysian BAR, the Trade Unions, the civil society, the Attorney General’s Chambers and others who have interest in this matter!

My humble request is Bank Negara should organize an all stakeholder conference to deliberate on the issue, set up a select committee thereafter to steer the issues involved in an organized manner!

I am sure Prime Minister, Najib Tun Razak would welcome such a move and deliberation rather than one that is done in a ‘cloak and dagger manner’  which will escalate into a full blown controversy and backlash when the nation is already riddled with so many massive political bush fires and now risk creating another!

More so, if it is the intention of the federal government to ‘win the hearts and minds’ of the Malaysian demography?

But I also raise the whole question of this issue the controversial – ‘no fault claim’ proposal that is now undertaken like a ‘cloak and dagger thingy?’

Is this all necessary?

Has the present system failed so badly resulting in total chaos in the courts pertaining to insurance coverage and claims?

Only an absolute idiot will say so or worst, a ‘fat cat predator’ using his political tentacles to manipulate this sector in view ‘future mergers and acquisitions’ or to ‘dog tag’ the payouts to enrich the insurance companies and their owners and senior managements who would enjoy obese profits and vulgar bonuses!

This is not right!

Is it the plan of a selected few to want to reap great profits at the expense of other stakeholders and the injured on the streets and highways of 1Malaysia!

No? Then prove me wrong!

But, hear my contentions first!

Today, this matter has been handled professionally and at great speed!

And kudos to the Chief Justice Tun Zaki Azmi for the proactive move and fast tracked changes!

Today, this matter has been handled in a two tier system.

First there are two courts set aside to handle tortuous cases.

This means speed being the essence!

The result I am advised by my peers that the 2008-2009 cases have been all being disposed of!

Secondly, Tun Zaki has introduced the whole question of mediation where Judges are to fix matters for mediation to narrow down contentious issues and thereafter commerce hearings!

And it is working so when not broken, why try to fix it?

As far as the awards go there is uniformity of awards and there are guidelines for judges to follow!

And such no runaway obese vulgar awards!

My friends who sit at Bank Negara and the others busy ‘pushing pencils in air conditioned rooms’ need to know that the insurance tariffs have not changes drastically here in Malaysia for the last 30 years!

So who is stirring this hornets’ nest?

Who is seeking obese vulgar profits by sacrificing Malaysian consumers?

Have the courage to go on record!

Do not be like termites or political Eunuchs, come address my concerns and that of all the stakeholders in an all stakeholder’s conference before drafting any final change!

A failure will end with one having to face the wrath of Malaysian consumers for siding with the insurance mafia’s and cartels!

Bank Negara – You have been warned!

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