Motorists and drivers can now smile after the High court made landmark ruling on insurance claim.
High Court has compelled the Insurance Regulatory Authority to pay claims to policyholders.
The presiding Judge, Justice Odunga maintained that the government of Kenya and Insurance Regulatory Authority will be forced to settle accident and other related claims for policyholders of the firms that collapses.
Justice George Odunga ruled that the government and the insurance Regulatory Authority will be held responsible for insurance companies that collapse.
The ruling has sparked alot of reactions from people across the country.
“When the state fails to protect the insurance against unscrupulous insurers yet ensure that the insured take insurance covers at their own costs, it is only just that the state takes responsibility for its failure to regulate the players in the industry, otherwise it would be assisting those insurers who use statutes as instrument of fraud,” ruled Justice George Odunga.
