Insurance premium same or higher every year

raskazz

mikey72 wrote: »

So no links off you, just more smoke and mirrors.

2 points:

(i) He who asserts must prove. You've done a lot of asserting but no proving.

(ii) With respect. I don't see much point in me providing links again because your response - again - will be to either fundamentally misunderstand insurance accounting and/or to baselessly and bizarrely dismiss the verifiable market losses as "paper losses".

mikey72 wrote: »

Guress I'm not alone in exposing the car insurance hidden profits.

http://www.thisismoney.co.uk/money/cars/article-2034356/Hidden-fees-boost-insurers-profits-drivers-face-record-premiums.html

That article is exceptionally poor, even for that terrible rag.

It uses Admiral but as we all know they are the exception - or maybe not as their loss ratio has jumped from last year and their share price has fallen by around 15% IIRC in light of analysts' reaction to their latest results. They do not link to any verifiable evidence of other motor insurers making supernormal profit. It also, bizarrely, keeps referring to "income" increases, which as anyone with half a brain knows is not necessarily reflected in profit.

If you're going to carry on linking to tabloid crap like that when little credibility you have left will disappear in no time.

mikey72

mikey72 wrote: »

I ...keep linking to companies that only sell car insurance. You don't appear to like these examples, so I suggest you provide the links that show the overall profits from car insurance aren't correct............

Another link I give that you don't like.
Why am I not surprised.
We're still waiting for any credible links from you at all, maybe we'll never see them.