|Sunday, 04 December 2011|
|If, as a "private" vehicle registrar would you not be able to have 2 modes of transport covered by 1 greenslip. You cannot operate 2 vehicles at once! I have a car and a bike and will use the bike in safe clear weather to keep my thirstier car off the road. I also use the bike for some more interesting road travelling. Therefore i will drive 1 at a time. If the greenslip system is designed to cover other peoples medical expenses that I may contribute to (accident) then why cant I have the one green slip cover the 2 vehicles I register. The rorting could be a factor if 1 person were to try and claim 10 vehicles as their own but surely this can be counteracted with a reasonable limit to 2 different forms of transport only (possibly 3). It is ridiculous to have to pay $1200-1400 dollars a year for greenslips on 2 vehicles used at different times.|
|Monday, 21 November 2011|
There is an interesting article in today's The Daily Telegraph by Andrew Clennell, titled "Battle of $77 green slip lift". The article says that the State Government, through the Motor Accidents Authority (MAA), is pushing back on requests by insurers for increased CTP greenslip premiums.
Under the current legislation, the MAA may reject a premium proposed by an insurer if, in its opinion, the premium will not fund liabilities under the scheme, the premium is excessive or the premium does not comply with guidelines issued by the MAA.
If the MAA and the insurer are not able to reach agreement on the premium, the matter may be resolved by an arbitrator agreed on by the parties, or in the absence of agreement on an arbitrator, by the Independent Pricing and Regulatory Tribunal (IPART).
|Tuesday, 15 November 2011|
The ABC ran a program last week looking at concerns over the eligibility of accident victims to compensation under the NSW CTP Greenslip scheme. It is argued that the threshold for entitlement to compensation is too high. To be eligible for compensation, accident victims must satisfy the 10% whole person impairment test. The program also focuses on compensation paid out relative to the price of greenslips and insurer profitability.
You can watch the program at http://www.abc.net.au/news/2011-11-11/concerns-over-motor-compensation-review/3662050
|Wednesday, 02 November 2011|
|Please explain why a CTP insurance is twice as expensive for my Motorcycle than my Landcruiser 4x4. If I understand this scheme correctly, I am far more likely to cause serious injury or death as a ""at fault"" driver/rider , to another road user, in my 2.7 ton 4x4 than I ever will, riding my Motorcycle, yet I pay twice as much??|
|Monday, 17 October 2011|
As at June 1998, there were 13 insurers licensed to issue greenslips in NSW. Today there are 7 licensed insurers.
The licensed insurers are AAMI, Allianz, CIC Allianz, GIO, NRMA, QBE & Zurich.
The 7 insurers are controlled by 5 companies. Suncorp owns GIO and AAMI. Allianz also owns CIC Allianz.
In the current debate about insurer profitability we need to keep sight of the fact that the State Government can not afford for any of the current insurers to withdraw from the scheme.
A reduction in the number of insurers, or companies which own them, could reduce competition, placing even greater pressure on greenslip prices.
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