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12/07/2010

Another motorist complaining of being robbed

A letter to the ST forum complained that the motor insurance is just like day light robbery. No accident, premium still goes up. Got accident, premium goes up higher. So what the hell is happening? What are motorists paying? Protection money? The insurance premium is more than the road tax the motorists are paying. Weren’t some jokers said they were working on this to help the motorists? Who is making all the motor insurance money by the way? The insurance companies claimed that they are losing hundreds of millions. But they would not give up the business. There is a big rat somewhere.

7 comments:

Matilah_Singapura said...

Insurance companies lost billions on the derivatives.

So, pay up, suckers. Or give up your car ;-)

Chua Chin Leng aka redbean said...

That makes sense.

Matilah_Singapura said...

Plus, don't forget -- lose money never mind. Derivatives: lose. Commercial property: lose. Money in hedge funds: mostly lose... BUT...

The top executives still have to get bonus, Christmas coming lah.

Pay up, suckers. The poor, struggling CEOs and their merry gang of men need Christmas money for their families!

Quit bitchin'. Pay, pay! Pay up, or take the bus!

Anonymous said...

That makes more sense.

So, pay up suckers or give up your cars.

Chua Chin Leng aka redbean said...

The poor senior executives.

Christmas coming and they need to buy another one or two Porche or Audi or Ferrari toy cars for their stables. Their one year old toy cars are getting too old.

Anonymous said...

No use complaining lah!

In this world, behind closed doors every business engaging in the same trade are brothers. They may appear to compete with each other to outsiders, but obviously they are all cartels. Banks, Insurers, Oil Companies, Goldsmiths, Coffee Shop Owners, etc etc. You raise your prices, I raise my few days later.

It always ends with the suckers. Who are the suckers? The suckers are those who pay of course.

Anonymous said...

This is why the costs of living keep on going up.Transport companies,suppliers will use this as another excuse to raise prices. So whether you own a car or not everybody are affected.