Insurance on the Road SIR, —Heaven forfend that Leslie Adrian's sugges-
tion (October 14) that the Ministry of Transport could run car insurance should come about.
Surely the whole situation under which thousands of insurers found themselves let down by various companies which purported to be insurance societies arose from the insurers' own greed and cupidity. If instead of dealing with agents these people had used brokers or gone directly to the many reputable and competing firms they would have had a square deal. If the price for anything from one source appears to be far lower than that sought by any other com- parable organisation the buyer should immediately try to find out why.
In fairness to the insurance world it should equally be pointed out by your paper that the Board of Trade was told long ago by them of the eventual fate of those who took out insurance policies with FAM. Equally it also told the President of the Board of Trade of the need to investigate the affairs of the Irish, American, Coventry and London and Cheshire Insurance Companies which belatedly has been done.
Other than very indirectly I am not even a share- holder in an insurance company but it seems to me abundantly clear that the British Insurance Associa- tion and Lloyd's have expressed themselves on several occasions of the need for more stringent regulations to deal with mushroom growth companies but on the other hand insurers should use a little common sense in recognising that substantially sub-standard prices are all too often the means of dearly buying an un- pleasant experience.
B. ENGERT
Vansghyll House, Peasmarsh, Rye, Sussex
Previous page
