Focus Taiwan
Date: 2018/05/28
By: Tsai Yi-chu and Elizabeth Hsu
Taipei, May 28 (CNA) Riders of public bicycles in Taipei and New Taipei will enjoy
CNA file photo
free insurance coverage from June 1, after the two cities secured an insurance company through public bidding to offer the service.
Taipei-headquartered Cathay Century Insurance won a bid opened by the New Taipei City government Monday, which allows the company to sell third-party liability insurance for public bike users in the city at a cost of NT$3.73 million (US$124,600) to the local government.
The insurance will cover all 16,000 public bicycles around New Taipei, and will be effective from June 1 to the end of the year, the company said.
Cathay Century Insurance won a similar bid from the Taipei City government earlier in the month, with its insurance policy for public bike users in the city to also take effect from June 1 to the end of the year. [FULL STORY]
