In message <[email hidden]>
Lindsay said:What the NTS will have to watch is that we are now in the American
culture of sue, sue sue. It is of concern to me running a guiding
business that there a lot of people are out there (not any of my
clients I should point out - well not any I know) wanting to make an
easy buck if you make an error of judgement. This is probably why my
insurance is so high!!
Lindsay
www.caledoniahilltreks.com
I believe that is an accusation that is often made which is difficult to
substantiate with fact. Certainly many of the companies which jumped
onto the bandwagon of advertising to the public for litigation over
accidents (usually for a percentage of the winnings) have not been
successful in maintaining their businesses and several have folded or
failed to win more than a few cases.
In general I suspect that insurance premiums have risen largely as a
result of unexpected payouts for floods and similar "natural disasters",
coupled with the increase in the number of uninsured drivers on the
roads. The problem is that most insurance companies insure for multiple
types of risk and if one set of risks go up it depletes the pool of
resources the company has, and they then increase premiums generally for
all risks. Don't forget that legislation dictates that insurance
companies have assets calculated in proportion to the risks they take
on. So if flooding is considered an increased national risk, then the
assets devoted to insuring property have to be higher. More assets
devoted to covering property risks, less available to insure other risks
such as outdoor activities.
Mike
--
o/ \\ // |\ ,_ o Mike Clark
<\__,\\ // __o | \ / /\, "A mountain climbing, cycling, skiing,
"> || _`\<,_ |__\ \> | immunology lecturer, antibody engineer and
` || (_)/ (_) | \corn computer user"