The government had to delay the changes to NSW CTP - this gives all of the Big 4 a chance to put their rates up another 40% on top of the 30%+++ increase in the past year.
It's a rort - this is the definition of insurance fraud.
Why can't the government employ someone who is not in bed with the insurers to perform a proper review of the excess profit margins in this sector?
I used to be a policyholder, shareholder and now I only have my NRMA membership left thankfully.
Will not give any money to such companies. I feel bad about the $35 I paid for NRMA membership.
News: IAG Insurance Australia says on track for FY17 guidance, page-12
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