Pay-as-you-go car sharing programs have seen some tremendous success in the United States, which has prompted some California lawmakers to consider applying the same principle to auto insurance. California’s Department of Insurance has introduced legislation that would allow California residents to pay for car insurance based on miles driven.
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Posts Tagged ‘insurance’
Pay as you go insurance?
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Broke General Motors pays Wagoner $8 mill
Former GM Chairman and CEO Rick Wagoner — ousted by President Barack Obama in March — will collect an $8.2 million exit package, plus a $74,030 annual pension, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
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Speeding and speeders
This evening I’ve had the opportunity to travel the 401 and 400 highways extensively. It never fails to amaze me, how the Ontario government is just out to get the general public in terms of issuing speeding tickets. It also never ceases to amaze me how the general public generally discounts such charge and continues to speed.
I was moving with the flow of traffic roughly 20km/h above the posted 100 speed limit, while I was observing vehicles on my left whizzing by roughly 15-20km/h more then what I was doing. That would make it 140km/h. I’ve also had a chance to observe the O.P.P. cruisers pull over a number of speeders. The majority of speeders were in either minivans or SUV’s. This would contradict the statement that the general speeders are mostly younger or teenage people. Therefore, it is fair to say that the insurance companies that have been taking advantage of this misconception of the younger drivers being more careless, owe us an apology. I’d love to get involved in a class action lawsuit against insurance companies for unfair business practices and discrimination based on age….
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