Heard a spokesman on the radio this morning complaining that car insurance hasn't been profitable for 16 years. Hence the massive hikes in premiums. Perhaps if they'd have looked after decent existing customers instead of going all out for new business, they'd not have got themselves in such a state. I have no sympathy at all for them. If any increases kept roughly with inflation, few would object. But certainly will when they attempt a massive increase all at once. And then try an blame it on things like fraudulent claims. If they know them to be fraudulent, it's they who are to blame for paying them.
- posted
12 years ago