Reply to: Inflation over 5% and rising

[TykeMerc]

Yeah, it is annoying isn't it, and all those adverts for "Have you been involved in an accident or broken a fingernail? Where there's blame, there's a claim!". Parasites.

Absolutely.

With working from home for most of the last 12 months, the TV is usually on and the adverts for those companies make up a noticeable proportion during the day, it's our premiums that pay for the annoying ads.

[AtW]

Interest rates to rise, Mervyn King hints - Telegraph

Ooh, all the way up to the dizzy heights of 1.25%, when price inflation is probably in double figures.

"The Bank of England topped up Governor Mervyn King's pension pot by £1.4m after deciding to award him an early payout in 2008. In his final 16 months as a member of the generous final-salary scheme, the Governor's pension pot grew by a third from £3.95m to £5.36m. By comparison, in the prior 12 months, it rose by £378,700."

Source: Bank of England boosts Mervyn King's pension by £1.4m - Telegraph

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The guy gets his pension topped up by so much in one year where as most of other pensioners can't even get half decent interest rate on their savings and have to spent their capital, ffs.

[TimberWolf]

Interest rates to rise, Mervyn King hints - Telegraph

Ooh, all the way up to the dizzy heights of 1.25%, when price inflation is probably in double figures.

[ctdctd]

And my car insurance - up by 35% for an old git with full no-claims

Good old internet - 35% increase from the company paying for Iggy Pop's pension.
New kid on the block - echoice - 23% decrease from last year.
Sorted

Inflation, what inflation?

In other news, I just paid 75p for a Yorkie bar.
THAT'S 15 SHILLINGS

FFS - my school dinners used to be 7s6d a week!

[doodab]

Yeah, shocking wasn't it - mine too, Direct Line, full NC and history.

Might look into changing that one, despite having a fully loaded policy (legal aid, spare car, prostitute etc)

Mine went down this year, but I don't have any of the trimmings

Fnar fnar

[riiiiiich]

Yeah, it is annoying isn't it, and all those adverts for "Have you been involved in an accident or broken a fingernail? Where there's blame, there's a claim!". Parasites.

[TimberWolf]

And that would justify what seems to be more or less across the board increase of 20%+?

Surely those "crash for cash" made up accidents should be investigated and people who do it should go to jail, instead insurance companies just increase rates all of a sudden - did number of accidents go up by that much?!?!

I've been hearing the cash for crash line for some years, though that isn't incompatible with it increasing 20% a year. If it is increasing (and rises are not just due to rampant inflation, or indeed if car insurance premiums are even going up) perhaps it's part of the cash for blame culture we seem to be adopting from America. In town here they even have a bunch of street selling 'solicitors' would stop to ask you if you want to blame someone for anything. A trip/fall or something along those lines I think. No win no fee.

[AtW]

An actuary friend of mine tells me the main reason for the increases is the proliferation of "crash for cash" incidents.

And that would justify what seems to be more or less across the board increase of 20%+?

Surely those "crash for cash" made up accidents should be investigated and people who do it should go to jail, instead insurance companies just increase rates all of a sudden - did number of accidents go up by that much?!?!

[TykeMerc]

An actuary friend of mine tells me the main reason for the increases is the proliferation of "crash for cash" incidents.

Yup, that ties in with what I'd been told too. When I was getting quotes in 2010 I checked with some of the people I worked with in insurance.

Staged accidents where both parties are in the know or where some poor schlep of a motorist gets set up and h00ge compensation claims arise are costing a fortune. The problem the insurers have is it's hard for the Police to prove the frauds.

[Freamon]

Almost 50% increase in my quote last year, even with changing providers and extensive shopping around I ended up shelling out 30% more than the previous year.

The ambulance chaser claims companies, staged "accidents" and vast numbers of uninsured vehicles on the road hit all of us badly in the pocket.

An actuary friend of mine tells me the main reason for the increases is the proliferation of "crash for cash" incidents.

[d000hg]

I blame the Polish!!

Or have they all fooked off home again as it's better over there now. Thanks Gordon.

As long as there's someone left to blame I'm sure you'll be happy.

[MarillionFan]

Almost 50% increase in my quote last year, even with changing providers and extensive shopping around I ended up shelling out 30% more than the previous year.

The ambulance chaser claims companies, staged "accidents" and vast numbers of uninsured vehicles on the road hit all of us badly in the pocket.

I blame the Polish!!

Or have they all fooked off home again as it's better over there now. Thanks Gordon.

[TykeMerc]

And my car insurance - up by 35% for an old git with full no-claims

Almost 50% increase in my quote last year, even with changing providers and extensive shopping around I ended up shelling out 30% more than the previous year.

The ambulance chaser claims companies, staged "accidents" and vast numbers of uninsured vehicles on the road hit all of us badly in the pocket.

[TimberWolf]

Yeah, shocking wasn't it - mine too, Direct Line, full NC and history.

Might look into changing that one, despite having a fully loaded policy (legal aid, spare car, prostitute etc)

Mine went down this year, but I don't have any of the trimmings (though do have a big excess, £400 or something of that order).

[hyperD]

And my car insurance - up by 35% for an old git with full no-claims

Yeah, shocking wasn't it - mine too, Direct Line, full NC and history.

Might look into changing that one, despite having a fully loaded policy (legal aid, spare car, prostitute etc)