Ive tried writting an editorial and twice lost it, there has been more added - food for thought.
Stevo your list is right on it - they set parametres to suit themselves, increase rates = less payouts.
But you are wrong, the age of a vehicle is directly proportional to injuries.
Newer cars have built in safety, engines go under, side anti intrusion bars, safer body shells, air bags, set belts/retractors, steering compression plus + +.
All these make most accidents non-fatal, of course people will till try to have the biggest accident.
Dont forget the number of cars on the road in 78 is a fraction as compared to today.
BUT - one thing that should have nought to do with CTP is "level of insurance and no claim bonus".
I went to pay CTP at a Ins branch at Wethetill Park, she checked her screen, said I have no Ins with them, correct, she said "that" CTP was
for a person with Comp Motor Vehicle Ins, I had to pay MORE. Crap I said - Ins and CTP were separate and had nil to do with each other,
this hecame heated and the argument became fists including staff and a another customer (he's the reason they now have bolted down
chairs there) thank god Stocklands security are slow and useless. That was many years ago.
The advent of even more insurance companies trying to get their snout in the "Golden Goose" trough that is CTP is ludicrouse.
They say (Govt) that more Insurers means we have choice, to a degree correct, untill you delve in and find who owns or "underwrites"
these new compnies.
