tag:blogger.com,1999:blog-73569564719466597092024-03-08T10:03:32.937-08:00Entrepreneurship EducationProvide information about the business experience of the resilient and consequent job.GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-7356956471946659709.post-43331976477456851182012-08-06T11:47:00.000-07:002012-08-06T11:47:35.717-07:00Auto insurance quotes and other insurance products<div style="text-align: justify;">One of the main differences between auto insurance and other types of insurance services is that if you choose not to insure your car it's not just your personal choice but a legal offense. All other insurance products are purely optional, even though life can make them rather necessary in certain situations. For example, health insurance isn't required by law but imagine going to the hospital for care without having an insurance plan - you'll spend thousands of dollars out of own pocket. House insurance isn't required as well but in case your house gets burnt down wouldn't it be much better if you had the insurance in the first place? Insurance products in general are a great method for minimizing your risks and eliminating the financial impact of situations that are beyond your control or forecast. But if you put your mind to it you can actually optimize your costs by using different types of insurance products at the same time.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Let's take a typical situation within most families in this country. You have at least one car in the household, so there's an auto insurance policy on your hands, all the family members have health insurance and the house is probably insured too. This leaves us with three insurance policies most often purchased from different providers. Of course, it's better to get auto insurance quotes from a company that specializes in providing auto insurance and having your house covered with a company that focuses on real estate insurance. It sounds very logic from the first view. But if we say that you may actually get better rates when buying all these things from a single insurer?</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Of course, not all insurance companies provide the entire spectrum of insurance services as even large insurers tend to put their focus on specific types of products. But there are still companies that can provide you with all the basic insurance policies you may need starting with car insurance to house insurance. And they usually provide significant discounts to customers who actually choose to get all the policies from them at once. Sounds very attractive, doesn't it?</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">In reality, of course, you don't buy all types of insurance at once. You get <a href="http://www.autoinsurlist.com/insurance-products.html">auto insurance quotes</a> when you buy an auto and start looking for home insurance after moving into your new house and that rarely takes place at the same time. Usually you would just compare quotes for the same types of products form different companies without even thinking about getting it from the provider you have other insurance products purchased from. But now you know that this option is there to consider and you should think about it every time you get another insurance product.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">For example, you're comparing auto insurance quotes for a car you've bought for your spouse. First of all, consider getting it insured with the same company that has your primary car covered - most insurers offer significant rate cuts when you cover tow or more vehicles under the same policy. But even if the <a href="http://www.autoinsurlist.com/">auto insurance quotes</a> you get from the company you already have policies with aren't the most competitive learn how big is the discount they offer for having different insurance products with them - it will certainly make any policy really attractive.</div>GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com2tag:blogger.com,1999:blog-7356956471946659709.post-48523051636799905222012-08-06T11:45:00.000-07:002012-08-06T11:45:20.467-07:00Vehicle insurance and driver's age<div style="text-align: justify;">There are many things that affect a driver's insurance rates. Starting with the car he or she drives to the place where its registered - all these small pieces of data are analyzed by the insurance company and used to determine the rates they'll charge this particular customer. But of all the factors that the insurance companies will use there's one particular piece of data that you just can't do anything about - your age. That's right, your age also has impact on how much you will have to pay for having your car insured. And for some age groups this impact isn't as good as they would like it to be.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">As with any other factor involved in calculating insurance rates, the age of the driver helps the insurance company to determine the likelihood of filing a claim. In other words, from the insurer's perspective your age can determine the probability of you having a traffic accident during a given period of time. And if this may seem quite vague they have the statistics on their side. According to statistical analysis different age groups tend to produce different numbers of accidents with teens and seniors being the most likely to have traffic problems while the middle age being the safest of all drivers. Let's look closer at this observation.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Drivers aged less than 25 tend to get the highest car insurance quotes of all age groups because they produce more accidents in general. First of all, young drivers lack the driving experience for avoiding certain risky situations. Moreover, teens tend to behave more risky in general thanks to the well known attitude common in this particular age. So we have a mix of factors that allows the insurers to act as they usually do - set higher rates. Of course, this doesn't mean that all teen drivers are necessarily bad drivers. But it's when the majority determines the rates for the minority and there's little you can do about it.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Middle age drivers on the other hand already have plenty of driving experience on their hands to behave more responsibly on the road. Besides, most people tend to get more cautious and laid back with age that's why you won't see so many housewives or business executives speeding on the highways as there are teens doing such things. That's why drivers aged between 25 and 55 tend to have the <a href="http://www.insurcarfast.com/quotes-and-age.html">lowest car insurance quotes</a> in general.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">However, at a certain point age stops being an advantage and turns into a disadvantage. This happens around the age of 55 and goes onwards with each year passing. From this age the quotes you get start to increase steadily and around 65 will go up even at a faster phase. This is explained by the fact that senior drivers tend to produce more accidents than the average driver yet the reasons in this case are different from those at teen age. Older car owners usually develop health conditions that may affect their driving abilities and speed of reaction. That's why they usually get higher <a href="http://www.insurcarfast.com/">car insurance quotes</a> just like teens do.</div>GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com2tag:blogger.com,1999:blog-7356956471946659709.post-90754428035626540572012-08-01T09:36:00.003-07:002012-08-01T09:36:37.812-07:00A reference to the Competition Commission is on the cards<div style="text-align: justify;">
With the latest revelations about Barclays and other banks lying to
manipulate the LIBOR, and the HSBC at the centre of money laundering
activities in America, we’re used to the idea of the banking sector
ripping us off. But we somehow tend to think the rest of our capitalist
business community works more fairly. As if! With G4S coving itself with
glory over providing security to the Olympics and the newspapers
hacking into our computers and voicemail, it can hardly come as a
surprise the insurance sector is also not working properly and denying
us <a href="http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html">cheap car insurance</a>.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
In
June, the Office of Fair Trading announced a provisional decision to
refer the British insurance industry to the Competition Commission.
Although the final decision is delayed until October, we can be hopeful
this is now a formality. The OFT accused the industry of being
dysfunctional and costing drivers an estimated 225 million pounds a year
in additional premium payments. The way the scam works is that, when we
have an accident, the insurers refer us to garages to make the repairs,
or sell or rent us replacement vehicles. The insurance companies
receive a percentage fee for each referral. This is reflected in the
price the insurers pay these garages for repairs or car hire companies
for replacement vehicles. The sale prices of replacement vehicles can be
inflated or the period of hire can be recorded as longer than that
actually enjoyed. The result? Whether you are the at-fault driver or the
victim, everyone’s premiums rise. In each insurance company’s accounts,
the payments made on your behalf to repair or replace are described as a
cost, but a percentage is actually a concealed profit element for
delivering the service the insurers are already contracted to deliver.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The
experts expect the Commission to ban the insurers from continuing to
add these referral fees. It’s not clear whether this will produce <a href="http://www.quoteforcheapinsur.com/">cheap car insurance</a>.
Since some insurers make most of their profit from these fees, the
stock market valuation of the companies affected has fallen. Perhaps
appropriately, one of the companies most affected is Direct Line. This
has been preparing to float on the stock exchange. Perhaps it will now
delay. Ironically, Direct Line is owned by the RBS Bank so you can see
where the culture to rip off customers comes from.</div>GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com1tag:blogger.com,1999:blog-7356956471946659709.post-37332022733252092362012-08-01T09:32:00.003-07:002012-08-01T09:32:52.299-07:00Car insurance quotes for a unique product<div class="articlecontents" style="text-align: justify;">
When you set out to buy a refrigerator, you can lay down a few
gentle guidelines for yourself. Do you only want to buy a product from
an American manufacturer, what's your price range, how energy efficient
do you want it to be, and so on? Now a few minutes spent on the internet
produces makes, models and lists of retail prices. Armed, you now set
off for the local electrical stores and hope to find a bargain. <a href="http://www.insurcarfast.com/unique-product.html">Car insurance</a>
is a rather different proposition. It's a contract and the only way you
can actually see it is by getting hold of a copy of the policy. Even
then, it may not be completely clear what you are buying. Some of the
language used to draft these contracts is not so easily understood
unless you majored in law from one of these upmarket universities. But
now we come to the really unusual qualities.<br />
<br />
Although there are regulations dealing with electrical safety in the
manufacture of refrigerators, there are both federal and state laws
regulating insurance. More importantly, there's a mandate in all but one
state requiring you to buy the minimum amount of liability cover.
There's also an Insurance Commissioner who oversees the terms and
conditions and, in some states, has to be consulted on rate rises. Given
this amount of oversight, many of the policies are broadly similar. The
only differences come in the way in which each company assesses the
risk you will be involved in an accident and make a claim, and in the
efficiency with which your claim is handled.<br />
<br />
This means shopping around can only be based on the maximum number of
car insurance quotes you get through sites like this, and the help and
guidance offered by your state's Insurance Commissioner. Once you have
the basic information, you then come to the Commissioner's site. On the
best, you find reports of the complaints made against the local
insurers. Now tie the <a href="http://www.insurcarfast.com/">car insurance quotes</a>
to the number of complaints. There's no point in buying cheap car
insurance from a company with multiple complaints. Look for affordable
quotes from insurers that seem to offer a good service if you are
unlucky enough to be caught in an accident.<br />
</div>
<div style="text-align: justify;">
<a href="http://www.host-my-post.com/preview.php?article_id=7266#">Report abuse</a></div>GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-58910197367638841272012-08-01T05:59:00.001-07:002012-08-01T05:59:54.611-07:00A reference to the Competition Commission is on the cards<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/a-reference-to-the-competition-commission-is-on-the-cards-6.html'>A reference to the Competition Commission is on the cards</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-56578842183880131892012-08-01T05:57:00.001-07:002012-08-01T05:57:08.121-07:00A reference to the Competition Commission is on the cards<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/a-reference-to-the-competition-commission-is-on-the-cards-5.html'>A reference to the Competition Commission is on the cards</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-71317232448582887252012-08-01T05:54:00.001-07:002012-08-01T05:54:23.447-07:00A reference to the Competition Commission is on the cards<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/a-reference-to-the-competition-commission-is-on-the-cards-4.html'>A reference to the Competition Commission is on the cards</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-55257630598788485362012-08-01T05:51:00.001-07:002012-08-01T05:51:36.390-07:00A reference to the Competition Commission is on the cards<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/a-reference-to-the-competition-commission-is-on-the-cards-3.html'>A reference to the Competition Commission is on the cards</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-28262979403157197362012-08-01T05:44:00.001-07:002012-08-01T05:44:38.330-07:00A reference to the Competition Commission is on the cards<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/a-reference-to-the-competition-commission-is-on-the-cards-2.html'>A reference to the Competition Commission is on the cards</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-48813764885638283572012-08-01T05:41:00.001-07:002012-08-01T05:41:25.571-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-18.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-76372163316000895002012-08-01T05:37:00.001-07:002012-08-01T05:37:33.471-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-17.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-83674031190436426832012-08-01T05:34:00.001-07:002012-08-01T05:34:20.969-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-16.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-34509743431652316762012-08-01T05:31:00.001-07:002012-08-01T05:31:14.986-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-15.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-64467000556100390442012-08-01T05:28:00.001-07:002012-08-01T05:28:06.706-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-14.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-50503329406217422402012-08-01T05:24:00.001-07:002012-08-01T05:24:59.854-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-13.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-82990022764235583342012-08-01T05:22:00.001-07:002012-08-01T05:22:17.599-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-12.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-10285585312904333202012-08-01T05:19:00.001-07:002012-08-01T05:19:41.342-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-11.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-41969796070302144262012-08-01T05:14:00.001-07:002012-08-01T05:14:50.086-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-10.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-48285389240408099082012-08-01T05:12:00.001-07:002012-08-01T05:12:17.256-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-9.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-23155715083963441082012-08-01T05:09:00.001-07:002012-08-01T05:09:28.361-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-8.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-75954396372433051762012-08-01T05:06:00.001-07:002012-08-01T05:06:43.843-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-7.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-66004776833898432082012-08-01T05:03:00.001-07:002012-08-01T05:03:46.815-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-6.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-91602703003829909322012-08-01T04:58:00.001-07:002012-08-01T04:58:47.715-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-5.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-10303917308086358452012-08-01T04:56:00.001-07:002012-08-01T04:56:15.623-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-4.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0tag:blogger.com,1999:blog-7356956471946659709.post-81678779011172469692012-08-01T04:53:00.001-07:002012-08-01T04:53:16.870-07:00The referal of British insurance industry to the Competition Commission can mean cheaper car insurance<br /><p>With the latest revelations about Barclays and other banks lying to manipulate the LIBOR, and the HSBC at the centre of money laundering activities in America, we’re used to the idea of the banking sector ripping us off. But we somehow tend to think the rest of our capitalist business community works more fairly. As if! With G4S coving itself with glory over providing security to the Olympics and the newspapers hacking into our computers and voicemail, it can hardly come as a surprise the insurance sector is also not working properly and denying us <a href='http://www.quoteforcheapinsur.com/'>cheap car insurance</a>.</p><br /><p>In June, the Office of Fair Trading announced a provisional decision to refer the British insurance industry to the Competition Commission. Although the final decision is delayed until October, we can be hopeful this is now a formality. The OFT accused the industry of being dysfunctional and costing drivers an estimated 225 million pounds a year in additional premium payments. The way the scam works is that, when we have an accident, the insurers refer us to garages to make the repairs, or sell or rent us replacement vehicles. The insurance companies receive a percentage fee for each referral. This is reflected in the price the insurers pay these garages for repairs or car hire companies for replacement vehicles. The sale prices of replacement vehicles can be inflated or the period of hire can be recorded as longer than that actually enjoyed. The result? Whether you are the at-fault driver or the victim, everyone’s premiums rise. In each insurance company’s accounts, the payments made on your behalf to repair or replace are described as a cost, but a percentage is actually a concealed profit element for delivering the service the insurers are already contracted to deliver.</p><br /><p>The experts expect the Commission to ban the insurers from continuing to add these referral fees. It’s not clear whether this will produce cheap <a href='http://www.quoteforcheapinsur.com/articles/anti-trust-behaviour.html'>car insurance</a>. Since some insurers make most of their profit from these fees, the stock market valuation of the companies affected has fallen. Perhaps appropriately, one of the companies most affected is Direct Line. This has been preparing to float on the stock exchange. Perhaps it will now delay. Ironically, Direct Line is owned by the RBS Bank so you can see where the culture to rip off customers comes from.</p><br /> <br/><a href='http://dustiejo.blogspot.com/2012/08/the-referal-of-british-insurance-industry-to-the-competition-commission-can-mean-cheaper-car-insurance-3.html'>The referal of British insurance industry to the Competition Commission can mean cheaper car insurance</a><br />GONDEShttp://www.blogger.com/profile/03212462989990609395noreply@blogger.com0