June 2, 2011

Insurance Times reports this week that – according to insurer Allianz  – cash-strapped Brits have given up maintaining their cars.

The German insurance firm has been poring over MOT data and detected an “alarming rise in the number of cars on the road with illegal tyre tread depths.

This will inevitably lead to more accidents, more claims, and hence higher motor premiums.

What’s more, Allianz claims, the recent “severe” winters may not have been the freak events we’d all assumed. Harsh winters could become the norm from now on. It’s all to do with a basin of cold water in Canada or something, apparently.

This will inevitably lead to more accidents, more claims, and hence higher motor premiums.

Allianz is also worried about the recent introduction of the Corporate Manslaughter and Corporate Homicide Act which creates significant new liabilities for senior fleet managers.

This will inevitably lead to higher premiums.


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