And the insurance saga continues
Monday, December 4, 2006 8:52:47 AM
Apparently, if you report an accident in which you were involved, but was caused by the other party, you still loose your no-claims bonus if the insurance company is unable to recover their money. For instance if you get hit by a car while parked somewhere and you don't know who it is, you either loose you no-claims bonus or at least one of your no-claims points if your no-claims bonus is insured.
Does this mean that the whole purpose of insurance is to make sure that insurance companies get money for nothing and that this state of affairs is enforced by law?
Anybody with some conspiracy theories on this one?
... and anybody with some thoughts on what purpose principles such as honesty and integrity are suppose to serve?














Charles McCathieNevilechaals # Monday, December 25, 2006 8:22:13 PM
But Health Care in Australia went from being allegedly universal to being some giant rort where the government expects you to pay for private health insurance unless you are very poor, and then compensates you for it. If you don't pay, instead they make added barriers for it to become more difficult. Meanwhile, having given the handful of people who are making big profits in health insurance companies a really solid taxpayer-supported icome, guess what happened to the money that was used to fund the state health system? Well, it is still there, and in the free market you are welcome to try and extract it out of the health insurance companies at the same rate as before. If you expect them not to pay shareholders, to be run by people making public service salaries not the ludicrous fat-cat excesses that are now all the rage in Australia, ...