Cars
Office of Fair Trading to Begin Fact Finding Probe into UK Insurers
The UK Office of Fair Trading has launched a preliminary investigation – known as a call for evidence – into the nation’s insurance companies after car insurance premiums rose 40% over the last twelve months. The consumer watchdog is probing whether there is genuine competition between the major insurers – and if there is, why it isn’t offering adequate protection for consumers against massive rate rises.
In the past, the industry has been blaming fraud, the so-called “compensation culture†(which must share a room with the “nanny state†and the “me generation†at the Hoary Old Cliché Hotel) and the activities of accident management companies like RTR.
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Quality Humor Puts Car Insurance Companies Into Perspective
We take mandatory car insurance for granted now and think it’s definitely a must for civilized traffic and providing reparations for any potential mishap. But how many times have the insurance companies held up their end of the deal to the letter?...
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Eu Ruling Raises Car Insurance Cost For Young Women But Lowers It For “boy Racersâ€
For many decades, women have been talking about sex discrimination. We for one, support equality for both genders. And so does the European Court of Justice, which just last March, ruled that it is illegal for insurance companies to set premiums according...
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Britain’s Wonderland Syndrome: Motorists Deliberately Causing Accidents And Claiming Big Payouts
Godfather of Soul James Brown once sang, “Stock market going up, jobs going down,†and he’s never been more right. Only it’s not the stock market going up, its car insurance in the UK. And it’s going up a lot. Twelve...
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Big Brother Is Watching (you Drive) Part Deux: Rule Britannia!
In the past we’ve reported on American insurers that are offering lower premiums to young drivers in return for some of their privacy. The idea is that a camera or electronic “black box†is installed in a provisional licensee’s...
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Poor Economy Linked To Increased Insurance Frauds -suspicious Car Fires Up 27%!
The ongoing economic downturn has been linked to a raise in the number of possible cases of insurance fraud in the U.S, according to a new report by the National Insurance Crime Bureau (NICB). An analysis of "questionable claims" that were classified...
Cars