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TO Parking Police A$$h013$ (pg. 7)
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| Moral Hazard |
| quote: | Originally posted by oldschool420
You're just full of stupid comments aren't you? |
In Soviet Russia stupid comments are full of you! |
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| Superstring |
| quote: | Originally posted by oldschool420
You're just full of stupid comments aren't you? |
LOL!!!
Hit the nerve, did I? :D
Hehe, contest your tickets people :D |
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| Cosmic Fur |
| quote: | Originally posted by Superstring
LOL!!!
Hit the nerve, did I? :D |
you still didn't provide any decent arguments why there should be no speed limits.
Even no speed limit on highway, as much as I'd like that, would be catastrophic in Canada. People here jut don't drive as well as people in Germany and other European countries. I can think of nothing worse than a little Chinese grandma switching into the left lane at 100 km/h without checking her mirrors while I'm flying there at 200 km/h. |
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| Superstring |
Arguing on the Internet is like special Olympics. Even if you win, you're still retarded.
So, I don't argue :)
As for reasons - buy me a pint or a rum&coke at Hemingway's on a Saturday night, and I'll provide some decent ones :D |
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| Dr. Z |
its a very inefficient system
if demerit points didn't increase insurance rates, more people would be willing to plead guilty and pay the fines, which fuel the system, and relieve court congestion
then of course insurance companies would FREAK, like the crooks that they are
but, to settle that, traffic enforcment could compensate insurance companies from the money lost by some of the extra money that they make from tickets
apart from that, driving in north america is horrible, noone follows the safest rule of driving, which is:
if you're slow, stay on the right! and leave space on the left for overtaking
its very dangerous when traffic is moving at 130-140km/h in the left lane, and a slow driver stays in the left lane driving 110-120, or even worse, tries to merge at the wrong moment,
long car chains on the highway are dangerous, since they force tailgating, and promote other causes of accidents
also, just so everyone is on the same page, accidents on the highway are rarely due to driving too fast, most of them are tailgating, not checking blindpot, losing control due to some circumstance, etc
this is why we DO have places in the world with no speed limits/high speed limits on hightways, with very low accident rates
people are just bad drivers, and this north american system encourages those people drive |
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| me@t k@tie |
| I have gotten a lot of speeding tickets. :( I think the worst time I got caught, I was going 90 in a 50 zone (stupid high school...pfft), and like 4 police cars stopped me. I was really scared. And to make things worse, I forgot my wallet (with license) at home. They charged me over $200. |
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| Moral Hazard |
| quote: | Originally posted by Dr. Z
if demerit points didn't increase insurance rates, more people would be willing to plead guilty and pay the fines, which fuel the system, and relieve court congestion
then of course insurance companies would FREAK, like the crooks that they are
but, to settle that, traffic enforcment could compensate insurance companies from the money lost by some of the extra money that they make from tickets |
FYI, demerit points have no influance on insurance rates... convictions do. Whether you get 2 or 3 points means nothing. See insurers set rates based on how big a risk you are (ie likelihood you'll up and cost them a boat load of money)... convictions act as evidence that you are a risky driver. Finally, insurance companies already lose money on automobile insurance. Very very few of them would even write it if they were not forced to. |
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| me@t k@tie |
| quote: | Originally posted by Cosmic Fur
I routinely drive 140 on 100 highways.
If there was no speed limit, I'd probably be pushing 180. Maybe faster. |
Remember the time you went over 240? That was crazy fun. |
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| Superstring |
| quote: | Originally posted by Moral Hazard
Finally, insurance companies already lose money on automobile insurance. |
Ha! OK This one takes the cake. Back it up.. Provide some financial statements or something... oh damn that made me laugh out loud |
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| Dr. Z |
the system is just so retarded
my dad who was never in an accident, and has been driving for over 30 years has payed how much in car insurance over his lifetime?
ATLEAST $30,000
where has that money gone?
poof? someone's pocket?
that can repair like 6 accidents...
it has to work on loans, in my opinion, or atleast, let it be an option
-if you're at fault, an insurance company would pay for all damages, while you'd repay that debt over a period of time by a rate (with interest) |
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| Cosmic Fur |
| quote: | Originally posted by me@t k@tie
Remember the time you went over 240? That was crazy fun. |
That wasn't me. The fastest I've driven so far is just over 200 in my new car on the 401 to Waterloo (but it felt much faster because there was traffic). The fastest I've ever gone in the Bimmer was a measly 160. Cause any faster than that, and it gets scary in that car. :/ |
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| Moral Hazard |
| quote: | Originally posted by Superstring
Ha! OK This one takes the cake. Back it up.. Provide some financial statements or something... oh damn that made me laugh out loud |
You can obtain the statements yourself, they are publicly traded companies. Unfortunately, you'll normally find the statements reflect all lines rather then auto alone. At any rate, most auto insurers run with a combined ration of 1.00 - 1.10. Combined ratio is the ratio of premiums:claims+costs. A combined ratio of 1 means that for every dollar they make on premiums they spend a dollar on claims and costs. Higher then one means they are spending more money on claims and costs then they make in premium.
The reason insurance companies make money is from property insurance and investments. Auto is a money losing game... which is why Lloyds no longer writes it here. Zurich sold it's personal lines auto book of business because they were loosing too much money, Allianz was actively trying to get their license to write auto revoked (because it is the only way you can stop writing Auto in Ontario), and Markham insurance had to declare bankruptcy in 2000 because they lost so much money on Auto.
You have no idea what you're talking about. Anyone who has an inkling of knowledge on the business will back me up on this. Insurance companies either break even or lose money on personal lines automobile in Ontario. |
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