Money Talks: Ferrari driver's family, insurers reach private settlement

Yahoo! News Singapore, 25 Jan 2013
AXA Insurance Singapore and the family of the late Ferrari driver who died during a high-speed crash at Bugis last year have reached a private settlement.
In joint statement on Friday, AXA Insurance Singapore and the estate of the late Mr Ma Chi, 31, said they have agreed to settle, based on terms and conditions mutually agreed by both parties.
"Under the terms of the settlement agreement, in addition to settling all financial claims between the parties, all third party victims or their families will receive due compensation, which is not compromised in any way," said a media statement obtained by Yahoo! Singapore. Full story