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Drivers admit to driving uninsured after Alpha collapse
http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=32702
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Author:  StuartW [ Fri May 11, 2018 5:44 am ]
Post subject:  Drivers admit to driving uninsured after Alpha collapse

Interesting piece from a specialist insurance publication on the Alpha collapse. There was a copyright notice when I tried to copy it, so please visit the site to read it.

Interesting comment below the article about Alpha being an 'unrated' insurer though - unrated seems to mean that its financial strength and status is unknown.

Quote:
Instead of asking the Government and the FSCS to bail out these uninsured motorists, why don't they sue their adviser for using unrated security? Too many people are buying a brand, little realising their policy is often secured by an overseas and in this case, unrated insurer.


https://www.insurancetimes.co.uk/chaoti ... 02.article

And I wonder if there are drivers who are now uninsured but unaware of Alpha's collapse? Informing drivers by text doesn't seem the most reliable method, and if they're being sent letters then they could take a few days to arrive.

Author:  edders23 [ Fri May 11, 2018 6:03 am ]
Post subject:  Re: Drivers admit to driving uninsured after Alpha collapse

I would think the vast majority of motorists probably don't even know the name of their underwriter let alone their rating

Author:  Sussex [ Fri May 11, 2018 8:00 pm ]
Post subject:  Re: Drivers admit to driving uninsured after Alpha collapse

StuartW wrote:
And I wonder if there are drivers who are now uninsured but unaware of Alpha's collapse?

Absolutely certain of it.

And I'm equally certain some are aware but pleading ignorance/stupidity.

Author:  Sussex [ Fri May 11, 2018 8:03 pm ]
Post subject:  Re: Drivers admit to driving uninsured after Alpha collapse

Youtube of a few taxi/PH drivers not best pleased at their broker.

https://www.youtube.com/watch?v=XzD3Nbrgrig

Author:  youbeenbusy [ Sat May 12, 2018 12:24 pm ]
Post subject:  Re: Drivers admit to driving uninsured after Alpha collapse

The mouthy taxi driver was not helping the situation , it was just a shouting match involving himself.

Author:  Sussex [ Sat May 12, 2018 8:19 pm ]
Post subject:  Re: Drivers admit to driving uninsured after Alpha collapse

youbeenbusy wrote:
The mouthy taxi driver was not helping the situation , it was just a shouting match involving himself.

And what did he gain?

Sweet f*** all.

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