C T P Insurance Fraud By Andrew Clenell

[GTR-N1]

CTP Fraud and the NSW Gov't - "Red Light On Rorts"

A new Compulsory Third Party insurance system that introduces fixed compensation for minor injuries is being planned by the Baird Gov't in an attempt to cut the soaring cost of green slips

Better Regulation Minister Victor Dominello told the DT he also wanted to crack down on green slip fraud, which he said was responsible for adding $75 a year onto our CTP insurance bills.

Mr Dominello said CTP prices had risen by more than $40, or 8%, in the past year, and insurance fraud was a key contributor.

He said the government was seeing fraudulent court claims for minor injuries, including claims for more people in one car than there are seats in that said car, and instances in minor low-speed prangs where claims are made on behalf of babies for psychological injuries and future loss of income.

These claims are costing on average, between $95,000 and $100,000.

The average green slip costs more than $600 and exceeds 34% of average weekly earnings, up from 28% in 2007.

The reforms, to be introduced later this year, would involve a two-tiered system, where less serious claims involve set payouts, as occurs with the workers compensation scheme.

Lawyers have a vested interest in opposing the reforms, and insurance companies are accused of profiting by as much as 20%.

"Both the insurance sector and the legal fraternity will need to come together with the government so we are all acting in the interests of the consumers," Mr Dominello said.

"In this case, it's the interests of the motorists and those injured."

Another change could be a "no-fault" scheme similar to Victoria to prevent costly legal battles where people argue over who's to blame.

CTP prices for the average Sydney motorist have increased by more than 70% on average since 2008.

Further prices of between $60 and $90, or between 10 and 15% have been flagged by insurers , who say they need the additional money to offset increasing claims, including those by fraudsters.

Reported by Andrew Clenell

[WantGTR]

but will they ever go down in price?

[niZmO_Man]

I would like to see some data on number of claims and payouts for each one.

Sydney CTP is almost $900 this year. I used to pay $300 and thought that was expensive.

Seems like "more claims" it's just excuse to increase revenue.

[GTR-N1]

I'd like to see if most (concocted) CTP claims are still coming from S-W Sydney.

[junkie]

  On 02/03/2016 at 6:11 AM, Terry_GT-R34 said:

I'd like to see if most (concocted) CTP claims are still coming from S-W Sydney.

Unlikely, people around here don't even bother registering their cars anymore ;-)

[MrStabby]

Maybe we need better detection of fraud and more serious punishments to deter people. Seems to be another case where its just too easy to get away with it or get a slap on the wrist if you do get caught, so its an attractive option for those without morals. Imagine what could have been avoided if Edward Lees got what he deserved when he was first caught?

Last accident I had the guy had no insurance. Later in the day he went and bought insurance and then asked if I would lie about the date. I said no, and he said "Who's going to pay for my car to be fixed?". FFS what do you think happens when you dont have insurance!

[GTR-N1]

Yes, Adam, I wonder if the people who do these things are motivated by greed or desperation or both. Maybe, it's even in a person's makeup.

During the State Mines fires in the Blue Mtns, I went up to a fruiterer who collects rare Commodores.

He's not devoid of money whilst he and his wife own lots of commercial property through the main street of the suburb I live in.

Anyway, he came outside (out of earshot of his wife most probably), and quizzed me on who would grant him an immediate cover on his Holdens.

I said wtf T*** don't you have them covered?
He said that they're stored and he didn't think that they could all go up in smoke until the N-W wind started blowing hard.

I said you're the effin reason why we're paying such high premiums - 'fair weather friend'.

What a bum!

[75coupe]

Id like to see ctp insurance per driver not per car!

I cant drive all my cars at once can i

[Duncan]

I'm still unclear on exactly how Andrew Clenell performed CTP Insurance Fraud?

The market seems to be a good example of a government formed oligopoly with everyone sharing cosy, comfortable profits to me. I am hugely doubtful that fraud is the main cost driver and would love to see some actual evidence rather than quotes from the insurers who are trying to defend why their profits should continue....

[luke gtr]

  On 08/03/2016 at 7:51 AM, Duncan said:

I'm still unclear on exactly how Andrew Clenell performed CTP Insurance Fraud?

The market seems to be a good example of a government formed oligopoly with everyone sharing cosy, comfortable profits to me. I am hugely doubtful that fraud is the main cost driver and would love to see some actual evidence rather than quotes from the insurers who are trying to defend why their profits should continue....

2nded.

[Daleo]

There is a big shake up coming in the CTP industry, and the state govt and insurers attempts to more than triple the price of CTP 2 years ago were comprehensively thwarted; largely by the lobbying efforts of motorcyclists.

They want their money though, and they'll smear anyone but themselves to protect their gravy train.

[junkie]

  On 02/03/2016 at 6:11 AM, Terry_GT-R34 said:

I'd like to see if most (concocted) CTP claims are still coming from S-W Sydney.

Yep, they still are

http://www.dailytelegraph.com.au/news/nsw/sydney-ctp-insurance-claim-hot-spot-suburbs-revealed/news-story/a46c3c6eab77c3667255d2d662113b21

[GTR-N1]

Not to do with CTP but the Villawood car fire last night is now being investigated as insurance fraud.

[Weaselman]

  On 08/03/2016 at 11:50 AM, Daleo said:

There is a big shake up coming in the CTP industry, and the state govt and insurers attempts to more than triple the price of CTP 2 years ago were comprehensively thwarted; largely by the lobbying efforts of motorcyclists.

They want their money though, and they'll smear anyone but themselves to protect their gravy train.

I was one of the organisers of the protest in the Sydney CBD for that. You need a big event to get the pollies to even pretend to give a shit and try to stop you getting fleeced

[Weaselman]

I'll add something to this though. It is impossible to organise something that benefits a group especially one like motorists without special interest people high jacking it. The biggest failing with the CTP rally was that the pressure was hardly maintained. The head of the motorcycle council was only interested in using it as a soapbox for his ambitions and the police treated it like a patch club gathering. While car clubs are wide and varied in Australia and something bit could In theory be organised, the line between success and failure is sooo thin. The media are always looking to paint car people as hoons and the motoring council is more geared towards old people. Sensationalist media and the car scene will never mix. And we all no pollies will lie to your face and promise the world till their portfolios change. And that's what happened with the roads minister after the protest.

[deongster]

This is mad

[deongster]

This is mad

[niZmO_Man]

Mine was $768 NRMA discounted.

[D_I_F]

Guise NRMA prices it at the highest risk rate. Go somewhere else.

[l0ckym]

$452 in Albury NSW [emoji3] - you can all register your cars to my place for a slab [emoji482]