Archive for the 'General' Category

Driven To Distraction

For some time now there has been widespread dissatisfaction amongst the motoring public about the cost of insurance which, in recent years, has risen considerably -indeed more steeply than consumer prices in general.
It is no exaggeration to say that the public, and young people in particular, are being fleeced by the insurance industry.
Despite much heated […]

Monday, November 15th, 2004

Auto-insurance reform applauded

New Jersey drivers, on average, pay the most in the nation for auto insurance.
They are almost three times more likely to crack up their cars.
Yet their governor says he has fixed the state’s chronic car-insurance mess.
Like the high premiums and the chilling odds on being involved in a crash, mixed messages surround Gov. James […]

Friday, November 12th, 2004

Why the silence on NAICOM?

The National Insurance Commission (NAICOM) usually a self-effacing institution, and necessarily so, given the nature of its business, has been in the news lately for a lot of reasons which are bound to shake the confidence of the public in the Commission whose basic product is trust. It is a cardinal principle of insurance, which […]

Friday, November 12th, 2004

Fairfax Financial steers clear of Canadian car insurance: ‘a political issue’

The Canadian car insurance business is a toxic wreck and Fairfax Financial Holdings Ltd. and its operating companies will continue to steer clear of it, company executives said Monday.
“It has become such a political issue in Canada,” Byron Messier, president of Fairfax subsidiary Northbridge Financial Corp., told American analysts during a New York presentation.
He noted […]

Friday, November 12th, 2004

Speedy Drivers Ignore Statistics: Farmers Insurance Survey Shows 7 in 10 Motorists Say They Exceed Posted Limits on Highways Despite High Fatality Rates

In a recent Farmers Insurance Group survey, 69.2 percent of respondents admitted to exceeding the posted speed limit on the highway. Furthermore, 36 percent said they regularly exceed the posted speed limit by five or more miles per hour, and 22 percent said they repeatedly drive 10 or more miles per hour over the speed […]

Friday, November 12th, 2004

Drive Safer America! Presents Active Vehicle Safety at Meeting of Public Health Officials

Drive Safer America! took its message on the road today with a presentation for public health officials at the American Public Health Association 132nd Annual Meeting and Exposition. Spokesperson Phil Headley gave a luncheon presentation on the importance and benefits of active vehicle safety technologies, making America’s roads safer and helping to prevent crashes, injuries […]

Friday, November 12th, 2004

Take Extra Care When Driving This Winter, Warns CIS

Leading motor insurer Co-operative Insurance Society (CIS), is warning drivers to take extra care when using their cars, during the coming winter months. Figures from the UK Department for Transport show that 3,431 people were killed in road accidents last year, with over 35,000 seriously injured.
With nights getting longer it is imperative that motorists are […]

Friday, November 12th, 2004

Pair admit car insurance scam

Two men defrauded Eagle Star Insurance of almost €30,000 by falsely claiming a BMW car was stolen and obtained another €25,000 for the same car by selling it on, Dublin Circuit Criminal Court has heard.
Eamon Shiel, aged 33, Fenswood, Lucan and Barry Murphy, aged 29, of Clonguane, Cappowhite, Co Tipperary pleaded guilty to defrauding €29,500 […]

Friday, November 12th, 2004

Families’ income set to fall

HOUSEHOLD disposable income is set to fall for the first time in seven years on the back of increasing utility bills.
The share of total income available to spend on items of choice will fall to just 37.3% in 2005, down from 37.5% this year. The fall is the first since 1998 when the figure stood […]

Friday, November 12th, 2004

Under the Hood, with Big Brother

Someday it’ll happen, probably when you least expect it. Just as you countersteer while drifting out of a tight corner, or after you punch the brakes hard, you’ll hear the mechanically animated female voice emanating from your car’s audio system:
“Collision detected. Calling OnStar.”
Your first impulse might be to complain of the intrusion to those behind […]

Friday, November 12th, 2004

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