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Originally Posted by Golden Teapot
Because if preventable accidents are avoided then profits are bigger.
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insurance company profits depend on them continually raising premiums, and limiting the number of claims they pay out...
the number of accidents is not as important to them as the number of claims.
...take car accidents as an example: many minor accidents never get reported because the Excess in the insurance policy always favours the insurance company...as does the no claim bonus etc...there are disincentives to making a claim.
how often do you see insurance companies advertise that you shouldnt drink and drive, or smoke etc??? do you think they really care? lol
they only care in terms of making more dollars. period....
and they are not going to spend as much as ACC on preventative education programmes.
of course we all know GT has a vested interest
after all, he works in insurance...
and it is the people who stand to gain from privatising ACC that will be pushing that bandwagon.