50,000 need to find new insurer

Spook_ie

https://www.breakingnews.ie/ireland/50000-customers-without-insurance-cover-after-qudos-files-for-liquidation-890266.html

50,000 customers without insurance cover after Qudos files for liquidation
The chief executive of Insurance Ireland is advising the 50,000 Irish customers of Danish insurer Qudos to contact their broker to avail of alternative cover.

Kevin Thompson told RTÉ’s Today with Sean O’Rourke show that cover will be provided by an alternative insurance provider at no extra cost.

Tits up insurance company leaves 50,000 Irish drivers needing to rearrange cover, hope they all read or get the news before they have a bump!

Spook_ie

https://www.breakingnews.ie/ireland/50000-customers-without-insurance-cover-after-qudos-files-for-liquidation-890266.html

50,000 Irish customers affected!

Spook_ie

OSI wrote: »

Doesn't seem like an issue given:

Likely to be an issue if you haven't taken steps to arrange the alternative cover.

seamus

MIBI would cover the cost of anyone involved in an incident today.

Strictly speaking, anyone holding one of these policies can legally assume they are still covered until they receive formal notification that their policy has been cancelled.

So in the event that they were involved in an incident, the claimant would go to MIBI's uninsured drivers fund to get their compensation, but the other driver would not be in trouble because legally they are covered by insurance as far as they're aware.

MrCostington

This happened to me with Setanta insurance in 2014 I think. Broker arranged temp cover but had to take out new insurance to cover the 6 months still left on my policy.

Still get the odd letter from the liquidator as I'm a creditor. Maybe this Christmas the cheque will come ...

Henry Ford III

seamus wrote: »

MIBI would cover the cost of anyone involved in an incident today.....

...and the MIBI is funded by whom?

Hurrache

seamus wrote: »

MIBI would cover the cost of anyone involved in an incident today.

I believe there may be a push to have the Danish version of the MIBI to cover costs.

Fann Linn

Time for another levy methinks.

bazz26

Ultimately the customer/tax payer will end up footing the bill through increased premiums/levies for another insurance company collapsing. Quinn Direct, Setanta...

Hurrache

bazz26 wrote: »

Ultimately the customer/tax payer will end up footing the bill through increased premiums/levies for another insurance company collapsing. Quinn Direct, Setanta...

Not if it's covered by the Danes.

seamus

Henry Ford III wrote: »

...and the MIBI is funded by whom?

It's not something I'm going to get worked up about.

I'm more than happy to pay my levy if some poor bastard caught up in this has a claim made against him today. It's not his fault his insurance company went bust.

Lord Nikon

I think it's time we introduced mandatory insurance cover through fuel. For something that is mandatory, it should not be controlled by private entities for profit.

MojoMaker

It isn't 50,000 drivers btw, the company had 50K Irish customers but vast majority are home insurance customers.

Wanderer78

Lord Nikon wrote:

I think it's time we introduced mandatory insurance cover through fuel. For something that is mandatory, it should not be controlled by private entities for profit.

The wealth created trickles down, apparently!

Corvo

Lord Nikon wrote: »

I think it's time we introduced mandatory insurance cover through fuel. For something that is mandatory, it should not be controlled by private entities for profit.

Aye, huge profits. That's why they keep going bang. Dope.

Henry Ford III

Lord Nikon wrote: »

I think it's time we introduced mandatory insurance cover through fuel. For something that is mandatory, it should not be controlled by private entities for profit.

Throw road tax in as well whilst we're at it.

Wibbs

Corvo wrote: »

Aye, huge profits. That's why they keep going bang. Dope.

The Irish companies/branches like PMPA, Quinn et al went bang "dope" :rolleyes: because of mismanagement. Aviva made nearly 100 million euro profit last year. Their profits have been on the up since 2015 and they're not alone in this. Axa the same. And claims have fallen in the same period. Yet our premiums have been steadily going up? Hmmmm...

These insurance companies seem to be really bad with money.

Wanderer78

Deleted User wrote:

These insurance companies seem to be really bad with money.

Bad with money!

Wibbs

Wanderer78 wrote: »

Bad with money!

Some have been W, some are better, but if and when they do go wallop for whatever reason(usually mismanagement) then generally the Irish taxpayer and consumer ends up paying for it. QV PMPA. Yes the remaining companies take up some of the slack, but again we all end up paying for it one way or another. Higher premiums for a start.

Del2005

Wibbs wrote: »

The Irish companies/branches like PMPA, Quinn et al went bang "dope" :rolleyes: because of mismanagement. Aviva made nearly 100 million euro profit last year. Their profits have been on the up since 2015 and they're not alone in this. Axa the same. And claims have fallen in the same period. Yet our premiums have been steadily going up? Hmmmm...

And not a single other insurance company has entered the Irish market when we have massive premiums. So if companies are making profits in our insurance market then there's something else wrong that's causing the high premiums and no new competitors.

timple23

Del2005 wrote: »

And not a single other insurance company has entered the Irish market when we have massive premiums. So if companies are making profits in our insurance market then there's something else wrong that's causing the high premiums and no new competitors.

As a member of EU single market, can Irish drivers get insurance from companies in other EU countries?

Spook_ie

Quinn were undercutting everybody to try to win market share, you could walk into your own broker and say Quinn have quoted me X amount and your company would more than likely have matched it. Don't know if PMPA were doing the same but you drop the price to crush someone you'd better have deeper pockets

Del2005

timple23 wrote: »

As a member of EU single market, can Irish drivers get insurance from companies in other EU countries?

No, there's something about the department of finance that they need to trade. But even if we could the risk would be based on the Irish market so there wouldn't be any savings. If they aren't offering policies here already, with our massive premiums, they aren't going to.

Eggs For Dinner

timple23 wrote: »

As a member of EU single market, can Irish drivers get insurance from companies in other EU countries?

What EU insurer would you you like to do business with? Zurich, AXA, Allianz, Aviva etc.

mgbgt1978

^^^^
I'm sure other Insurers would like to enter the Irish market...
...unfortunately your employers (and others) don't appear to agree with this.


https://www.irishtimes.com/business/financial-services/european-commission-right-to-look-under-bonnet-of-motor-insurers-1.3143544


I'm sure you've seen this article before and can trot out some Industry BS answer...please don't bother.;)

Eggs For Dinner

mgbgt1978 wrote: »

I'm sure you've seen this article before and can trot out some Industry BS answer...please don't bother.;)

OK so

dr.fuzzenstein

Eggs For Dinner wrote: »

What EU insurer would you you like to do business with? Zurich, AXA, Allianz, Aviva etc.

And that for some reason they all manage to offer cover for older cars, reasonable prices, didn't mind that I was insured in Ireland for 20+ years, cover for cars over 2 liter (Lord Bless us and Save Us!), no problem with insurance for private use of vans, the "they're all ripping us off Joe" argument falls apart pretty quick then.
And I don't hear of a big insurer going bust.
The next argument "How Dare They Make A Profit!", well they make profit on the continent too. They gots to make money, doncherknow.
So what is the difference?
Whiplash.
Awards start at €12-15k in Ireland for "ouch my neck hurts". For that you get €600 to €1000 here.
You will receive adequate compensation for actual damage. There are also payouts if €20k here, but for that there has to be real, actual, provable damage, not just wearing a neckbrace and having a dodgy note from some GP.
Also, awars are rising the whole time in Ireland, people circumvent the claims board and go straight to court and because most insurers now settle quickly and quietly, this money doesn't appear in statistics.
But they're forced to do it.
€12k quick and easy payout vs. court case, €20k payout and €40k legal costs?
Doesn't take a rocket scientist.
All the insurers can do is adjust premiums and avoid risk until only Mary from Cork gets insurance on her 1l Micra.

Wibbs

Del2005 wrote: »

And not a single other insurance company has entered the Irish market when we have massive premiums. So if companies are making profits in our insurance market then there's something else wrong that's causing the high premiums and no new competitors.

There's no "if" about profits. Aviva and Axa have seen their profits going up since 2014/15. And yet at the same time their premiums go up. These are facts, facts that a Dail investigation backs up.

Spook_ie wrote:

Quinn were undercutting everybody to try to win market share, you could walk into your own broker and say Quinn have quoted me X amount and your company would more than likely have matched it. Don't know if PMPA were doing the same but you drop the price to crush someone you'd better have deeper pockets

Indeed Spook and perfect examples of how utterly amateur hour the Irish insurance industry can be. Quinn being effectively unregulated in their horse trading and the rest slitting their own throats to all the way to financial ruin in an effort to keep up. PMPA was another example of woeful mismanagement and that was back in the 1980's.

dr.fuzzenstein wrote: »

And that for some reason they all manage to offer cover for older cars, reasonable prices, didn't mind that I was insured in Ireland for 20+ years, cover for cars over 2 liter (Lord Bless us and Save Us!), no problem with insurance for private use of vans, the "they're all ripping us off Joe" argument falls apart pretty quick then.
And I don't hear of a big insurer going bust.
The next argument "How Dare They Make A Profit!", well they make profit on the continent too. They gots to make money, doncherknow.
So what is the difference?
Whiplash.

Yep DR F, there is a claims culture here and no mistake and there has been one for decades. So why if it was and remains such an issue for the insurance industry here to the point where companies have gone bust on the back of it that they've done so little about it, beyond complaining about it and pointing at this as the big problem here? I mean they've had long enough to try.

Oh and claims have gone down over the last five years, yet premiums have gone up and not just in motor insurance. Yet they still lay the blame there? Never mind that 70% of claims are settled outside the courts so the Irish consumer has zero idea of what they're actually paying out. The companies point to court cases where the figures are public. Clearly it's far cheaper to settle outside of court, or they wouldn't do it. Then again going on the record of scary levels of inefficiency and mismanagement that's not necessarily a sure thing either.

The salient part for me in the article linked by mgbgt1978 is this:

Insurers shrug and blame the claims culture, generous court awards, ambulance-chasing lawyers, uninsured drivers, shortcomings in regulation and more besides.

They are right in some of what they say but they rarely, if ever, take any blame for the massive losses that they have collectively racked up in recent years from badly running their own businesses.

We see that here from people working in the industry. The finger almost always points outward and almost never at their own industry.

Why don't more competitors enter the market? I'd say it's simply down to Ireland being a small market and a holy mess of a market to get involved in, with a mostly hands off government, a legal system and claims culture set up to milk them, an existing low level cartel among existing insurance companies, many of which have been woefully managed in the past, exposure to having to take up the slack of other companies in trouble and no real change or willingness to change that's evident over decades.

dr.fuzzenstein

Wibbs wrote: »

Yep DR F, there is a claims culture here and no mistake and there has been one for decades. So why if it was and remains such an issue for the insurance industry here to the point where companies have gone bust on the back of it that they've done so little about it, beyond complaining about it and pointing at this as the big problem here? I mean they've had long enough to try.

Oh and claims have gone down over the last five years, yet premiums have gone up and not just in motor insurance. Yet they still lay the blame there? Never mind that 70% of claims are settled outside the courts so the Irish consumer has zero idea of what they're actually paying out. The companies point to court cases where the figures are public. Clearly it's far cheaper to settle outside of court, or they wouldn't do it. Then again going on the record of scary levels of inefficiency and mismanagement that's not necessarily a sure thing either.

Good points.
What my experience of insurance in Ireland was, I came over in 1994. I had a VW Transporter, a T3.
I insured it absolutely no hassle in Germany, but when I tried to insure it here, I was either laughed at, or quoted £3-5k. Yes, Punts.
I worked for an American company and the visiting Yanks were quoted even more.
Over the next few years it was still terrible. I drove 2 different T3's because insurance was ludicrous.
With the boom came cheap insurance and it also went with the boom.
So my impression of the Irish insurance market is that it's really difficult to insure anything that is not a Noddy car, difficult for foreigners, impossible for vans and the short time where insurance was available for less than €500 was just a short freak occurance.
Now the market is back to normal with massive premiums, stupid award payments, stupid restrictions for cars and stupendous discrimination against foreigners.

Welcome to normal.

edit:
Yes, I would agree that insurance companies are exploiting the market right now. Absolutely.
But even without that, it would still be difficult und expensive to get insurance in Ireland. Line everything else, things always have to be difficult and expensive in Ireland. That's a general fact about the country.

Harry Palmr

A third party national fuel levy is the only fool proof system. Though this is Ireland.....

dr.fuzzenstein

Harry Palmr wrote: »

A third party national fuel levy is the only fool proof system. Though this is Ireland.....

People on Boards have been wishing for this since forever. Plus tax on the fuel.
It has never happened, never will happen and no matter how often people on motors wish for it, no politician will be able to make €5 per liter of petrol palpable to the public.
Often this whacky idea has been floated by people with 20 year old 4 liter Beemers (possibly after smoking somethig, slipping and hitting their head), but those are exactly the cars the government and insurance companies want gone. They hate the fcuking things with a passion. They will never implement any policy that will make things any better for them, quite the opposite. They want to eradicate them ASAP.
They want people buying brand-new 1 liter petrols with 17 turbos that will go Boing! after 100000km and 5 years and need to be scrapped.
Meanwhile thy will combat anything old and with large engine.

Wibbs

dr.fuzzenstein wrote: »

those are exactly the cars the government and insurance companies want gone. They hate the fcuking things with a passion. They will never implement any policy that will make things any better for them, quite the opposite. They want to eradicate the things ASAP.
They want people bying brand-new 1 liter petrols with 17 turbos that will go Boing! after 100000km and 5 years and need to be scrapped.
Meanwhile thy will combat anything old and with large engine.

+1000. Policy across the board is aimed at keeping the consumer churn going. It increases the tax take and makes the economy and the government look good to international finance. The finance sector loves it too as "sustainable" credit and PCP's keeps their books healthy, until the next crash(insurance companies are within that fold. Look how much they lost on bank shares after the last crash). And needless to say SIMI and the manufacturers love it for obvious reasons.

Any car outside the 3 to 5 year window of the churn is of precious little value to any of them. Like you say they want them gone. Their "Ideal" customer/citizen is one who keeps a decades long sustainable line of credit, swapping out a new car every 3 to 5 years. Ideally they'd have the "old" car scrapped at the end of that time, to be "recycled".

I'll drop an outside bet here and suggest that within five to ten years, if not sooner, insurance companies will with few exceptions for those they define as "vintage" refuse to cover cars over six years old. The 10- 15 years cutoff was a testing the waters strategy and one that if it works in the Irish market will be rolled out more EU wide. Watch this space.

Hell, they even have some in the environmental/green movement backing this kinda thing. Insane when one considers that almost half of all plastics ever made have been produced since the turn of the 21st century. Yep, you read that right dear reader and cars contain a lot of plastic. Electric cars won't put much of a dent in this so long as the 3 to 5 year cycle continues. They might conceivably make it worse, as leading edge electronic goods have an even quicker cycle within the churn and even though current recycling of cars isn't close to 100%, recycling current battery tech is a right whoer by comparison.

greengone2

EDIT NOTE ON USER {this is greengone replacement lost the original email for greegone so back as greengone2}

Ha Ha here we go again PMPA scam through several other scams to last time Malta pirates Setanta scam and now drum roll the Viking rapists Danish scam which all will put levies on the insurance policy to the point that the future insurance policy will have ~60% plus levies to cover historical scams before you even start to get your policy cover .

Why dont we get rid of the tri colour and replace it with the rainbow flag saying to all the EU come here we are the bend over Ireland race and can even take it without lubrication to get the extra satisfaction of the S & M factor

Yes the gombeens who run the gaff from Lienster Hopuse now allow us to be raped stupid every which way by the EU multi nationals

We in Ireland should all start to wear rainbow hazard jackets instead of yellow jackets that the French use to show we are peacefull bend over type protesters whip us more we luv to be robbed and raped and screwed over by foreign thugs

We should all drive our cars around with rainbow flags to show how much muggins we are to counter the french protest that flys the Yellow jackets from their cars

greengone2

dr.fuzzenstein wrote: »

And that for some reason they all manage to offer cover for older cars, reasonable prices, didn't mind that I was insured in Ireland for 20+ years, cover for cars over 2 liter (Lord Bless us and Save Us!), no problem with insurance for private use of vans, the "they're all ripping us off Joe" argument falls apart pretty quick then.
And I don't hear of a big insurer going bust.
The next argument "How Dare They Make A Profit!", well they make profit on the continent too. They gots to make money, doncherknow.
So what is the difference?
Whiplash.
Awards start at €12-15k in Ireland for "ouch my neck hurts". For that you get €600 to €1000 here.
You will receive adequate compensation for actual damage. There are also payouts if €20k here, but for that there has to be real, actual, provable damage, not just wearing a neckbrace and having a dodgy note from some GP.
Also, awars are rising the whole time in Ireland, people circumvent the claims board and go straight to court and because most insurers now settle quickly and quietly, this money doesn't appear in statistics.
But they're forced to do it.
€12k quick and easy payout vs. court case, €20k payout and €40k legal costs?
Doesn't take a rocket scientist.
All the insurers can do is adjust premiums and avoid risk until only Mary from Cork gets insurance on her 1l Micra.

Curios the statement you only get 600 to 1000 for neck pain HERE

Where is this HERE ??? sounds like Germany so do you float between the sod and Germany a lot or what ??
By rules of EU data protection you are not obliged to reply to the question above HA HA

The story that Claims in Ireland are much higher than the norm doesn't hold up when you check into the insurance stats around the developed world .

(We cant really look at most of the third world where statitics are bad if existent and places like Morocco that do simple insurance when you pay the car insurance the first time you covered for lifetime of the car you insured .)

many parts of the western devolped world tend to have larger payout for the more serious injuries particularly the USA and the USA with high neck injury claims can also often beat the Irish claims

However the tables do show that Ireland has a similar accident rate typically ~0.7% per year meaning that of 1000 car insured some ~70 of those insured car in that year will have some sort of accident claim . In fact the UK claims rates are higher than the ROI often double the ROI but the British insurance companies have more ways to wriggle out of paying the claims bringing paid out claims down towards the norms .

When you look the average payouts per accident across the devolped world thay are very similar about €20,000.

Something like 90% of all car accidents claims are small accident s like fender benders where injuries are often light like sore necks whiplash etc
The british Insurance could see that if they refused to pay out cash and injury claims to this type of claim and offer hospital treatment or suitable treatment from specialists to reduce this pain they could save a fortune in claims as this was 90% the claims typically 1£10,000 claims for whip lash could be reduced to £1000 in hospital or specialist treatments

That would not be the case in the USA where pain itself carries a high price in the lawyer ambulance chasing economy that will never allow that British model to happen

britian has largly capped serious injuries to fairly low amounts like £20,000 for loss of leg where iresh could expect payout of 200,000 for the loss of the leg .The USA could easily exceed $1,000,000 for loss of a leg and if there is class action suit payout over $10,000,000 for those kind of injuries can result

However when you look the average they all tend to be similar payouts so the idea that payouts in Ireland are higher than the i western world norms doesn't look to hold up

Even among the so called worst drivers in Ireland the 150,000 uninsured drivers there doesn't seem to be huge payouts when you do the basic maths
Uninsured driver payout were ~€60 million last year divided among 150k drivers that comes out at ~€400 a uninsured driver . Now some will had huge accidents with 1 million euro claims but then that means most of them had smaller claims .It took about one in ~50 uninsured drivers to even get close ~€20000 claim which means that ~49 of the other uninsured drivers clearly had claims of less than €400 when averaged out . Now we do have to factor in fudge factor of some uninsured drivers will pay the claims either because they sell their house or they repay with their earning or both but that probably only knocks of 5% of the uninsured claims as often uninsured drivers have no way to repay the costs either now or in the future .

The point to drill down into the numbers is when we look the en tire fleet of cars of ROI which can vary on estimates of ~1.8 million to ~2,5 million ( ~2 million looks to safe best guess number ) car driving in the ROI depending who numbers you look at means we estimate the total cost of the entire car insurance industry and average it out the claims market

My maths which are basic suggest that the average claim for each car in ROI in a year works out at less than ~€125 per car ( not the same as amount of drivers which is larger amount making that even less than ~€125 a year )

Now when I look at countries like Portugal where I lived they pay an average of ~€150 for third party car insurance and more again for comprehensive (Comprehensive is often not available to cars exceeding ~6 year old ).Insurance is for the car not the driver same in Spain where average is about €200 for third party but forced to have break down retrieval adds ~€50 to that I know had Spanish car there

Hungary has a more simple system they like many countries of the planet do not have unlimited third party claims like ROI and UK have .
Their claims are capped at €1,000,000 .
The USA most all car insurance third party is capped at figures of less than ~$500,000 with many states caped at low figure of ~$50,000.
(One USA state has no compulsory third party insurance requirement on the logic that insuring a car that weighs one ton driven by a nut case is the same bad logic as insuring a gun owner from going into a shopping mall and shooting up all the locals because he took some pill that sent him over the edge . Funny thing is in that state they have lower accident rate too much risk to crash or to be crashed into by uninsured driver who cant pay up .

Lithuania Poland and most former eastern Europe countries tend to have third party insurance capped at figures fro €100,000 to €1,000,000.

Most countries of EU insure the car not the driver .

The Hungarian system is done by the government ( they probably lay of the risk to brokers like Lloyds or AIG whatever ) is that you pay about ~€80 euros for a disk that gives your car €1,000,000 third party cover for the year .
As probably 99% plus of accidents will never exceed €1,000,000 this works for most people.
If the car accident exceeds the €1 million cap the driver becomes personally liable for the difference so better to be a careful driver .

If we Irish drivers could get together we could force the gombeens in Lienster house to bring into Ireland a Hungarian model of Insurance probably charge a flat rate of €200 per car for third party capped at $5 million only and let the private market do just the comprehensive part of insurance .

The unlimited liability model of Insurance allows Car insurance companies to pull any number out of the rear end because they have the excuse well their is no limit to the claims.

With a capped market then the numbers are more easy for a actuary to calculate in terms of risks and excessive premiums become exposed in the harsh light of transparency

It would also make the PMPA Setanta DANISH scams less interesting to do

If Irish drivers continue to allow the car insurance market to rape them stupid they can look forward to some other scam from the Maltese pirates as they shift their bases from Denmark to other places in the EU . Five years time maybe the Greek Scam followed by the 10 year mark the Andorra Scam .


Each Scam like Setanta and Denmark will leave unpaid victims and the loot will leave Ireland to enrich the private jet owners living on pirate base island Malta as they invent now insurance scams and use other EU pirate bases to rob Irish motorists forced by garda with Irish Judges go to jail reality to pay up the compulsory car insurance.

greengone2

Wibbs wrote: »

+1000.

I'll drop an outside bet here and suggest that within five to ten years, if not sooner, insurance companies will with few exceptions for those they define as "vintage" refuse to cover cars over six years old. The 10- 15 years cutoff was a testing the waters strategy and one that if it works in the Irish market will be rolled out more EU wide. Watch this space.

.

Portugal already often will not do comprehensive insurance for cars older than 6 years old .
Whats crazy about that is that Portugal does car loans often PCB type for a car over ten year period with remarkably low payments schedules to sucker them in . Then after 6 years your in the crapper if you have accident your still going to pay for the car for another 4 years that is now broken and un-useable . So moist people will have to trade back in on the sixth year and flog the car off or trade it in . Best i can tell many car particularly French Renaults Peogeouts and Italian Fiats tend to only scrap at six years old
More cars are folowing this solution fall aprt after the 6 to 8 year mark either because the electronic brain break at the 6 to 8 year mark and are to expensive or other parts are made to fall apart before 10 year mark . The days of 20 year old clunkers running forever to the 10 million mile mark are numbered

More info on the subject thread above this replay

jacool

[QUOTE=greengone2;108845569So moist people will have to trade back in on the sixth year and flog the car off or trade it in . Best i can tell many car particularly French Renaults Peogeouts and Italian Fiats tend to only scrap at six years old [/QUOTE]

I find that if the previous owner is indeed moist, its very difficult to flog the car off or trade it in.

Gaspode

Rear ended-by a Qudos insured driver yesterday, cant help feeling I am going to be totally fncked over because of this liquidation

theguzman

Gaspode wrote: »

Rear ended-by a Qudos insured driver yesterday, cant help feeling I am going to be totally fncked over because of this liquidation

If he was an insureyourvan.ie customer they have transferred all qudos policyholders over to a new company.

https://www.facebook.com/goggininsurance/photos/a.164805766899907/2304756362904826/?type=3&__xts__%5B0%5D=68.ARDcBYACJ1Kqw44zAL1fes2_-LyuSpWg1brXSlCTCeNy_ixujwEtdh9nRzkHd3Efi_12xkGtxtSHOJ1E-l95y6Dn1AbdQGRyWhHXE7XhEbxS4XgokdGpZlMeXxkZk2DSyH9BFODLR2uHF3KgXuteD3jfYg3oIQDtqOW7aPmlrxVbe94WI5DThOpyFQHGRGIJbWQlKyo2dmSCiQnrUlzOn4657V6BOXKiBbKauib-SWxRsR3TKwKYjRZThawaFtIl-Ia6yWg7StM6Wu6b2F6G-4TLY1NFVKj2K1tqELShWBBvCbxPsVNWHuWlIwhkyr0jQAa6ck5-zStTJpbsY3xYygis-g&__tn__=-R

jeepcj

I'm with Mike Murphy and they arranged to transfer my policy to RSA free of charge

Eggs For Dinner

Patrona are covering the cost of transferring the cover to new insurers, not the brokers they sell their products through

Shaneok

Gaspode wrote: »

Rear ended-by a Qudos insured driver yesterday, cant help feeling I am going to be totally fncked over because of this liquidation

Hi gaspode,
The same thing happened to me, have you had any progress since it happened?

Eggs For Dinner

Shaneok wrote: »

Hi gaspode,
The same thing happened to me, have you had any progress since it happened?

The Danish regulator is finalising the system for providing compensation

Gaspode

Eggs For Dinner wrote: »

The Danish regulator is finalising the system for providing compensation

Hiya, just wondering where you heard that, was it from your insurer?
I was just chatting about this tonight, saying I must check with my own insurance company to see if there is progress!

Shaneok

Eggs For Dinner wrote: »

The Danish regulator is finalising the system for providing compensation

Brilliant, any idea how long more that will take? I didn't have a policy with them but was rear ended by someone that had so I'm not being given any info about what's happening with claims! Had an assessor come out and check over the car a couple of days before they announced the liquidation and everything has been up in the air since!