Posts tagged ‘Insurance’

April 15, 2020

Is your car insurance offering a rebate?

by allthoughtswork

How badly will coronavirus hurt world economy? This is how experts are trying to find out

via

We haven’t been driving. Or crashing into things. No sense insuring somethin’ that ain’t movin’.

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June 4, 2013

Lamp-posts Attack Scots

by duncanr

Insurance company, Admiral, analysed claims over the past 5 years and grouped type of accidents by region of the country.

Some interesting patterns emerged – folk in the north-west of England were the most likely to be involved in a collision at traffic lights, while Scots were most likely to hit lamp-posts.

The latter comes as no surprise to me. These lamp-posts in Scotland are a bugger when you’re driving. Bloody things are a nuisance, and they’re cunning too. They bide their time, lulling you into a false sense of security, then when you’re driving home from the pub after 10 pints of heavy and a few whisky chasers the f*cken things leap out in front of you !

[Click Pic to enlarge]

roadcrashareas.jpg

May 19, 2013

Custard Fight Ban no Yolk

by duncanr

no custard pie throwingThe town of Bakewell is renowned for it’s tarts (who’s that sniggering at the back?)

On June 9, the town is staging the Bakewell Baking Festival. The event is open to all comers (stop sniggering!) and the climax (I’m warning you!) was to be a Custard Pie Fight.

That, however, may have to be dropped from the menu of events after . . .

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February 20, 2009

Is it legal? Is it Ethical? Update

by noseycow

Last October I wrote about Towergate  insurance groups decision to pay huge bonuses to its directors irrespective of the companies poor financial performance.

In 2006 the company made a net profit of £4 mill, and paid £14.2 mill to its executives as bonuses. In 2007 the company made a net loss of £12 mill and, guess what, paid £13 mill as executive bonuses!”

That decision was be perceived to be unethical by some (not all), but four months later it is clear that the greed of these directors (and I assume others like them in businesses across the country) is directly contributing to the current economic crisis.

The Guardian reporting  this week on the financial woes of Lloyd’s and HBOS  noted:

Another firm, Towergate, an insurance group backed by HBOS and Lloyds, has breached covenants and is struggling to repay its debts.”

For those who still believe that ethically questionable decisions, taken in board rooms across the country, do not have a direct effect on them then this article in the Insurance Timesabout office closures and  job losses at Towergate may make you reconsider.

So while our unemployment figures are rising and we head deeper into recession, government money is being used to bail out the banks, who’ve loaned money to companies, who pay themselves bonuses rather than meet their financial obligations.

In order to streamline this process and cut out the middle man perhaps we could just send our tax contributions direct to those who are still sitting pretty.

who says crime doesn't pay?

who says crime doesn't pay?

 

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