R
rainyday
Guest
I'm amazed at the common view that Insurance is a big black hole of infinite resources that can be used to pay for anything. This view is often used to justify shoplifting (ah sure they expect a certain amount of it), fraudulent claims (ah sure the insurance company will pay out), and as of today, fire brigade call out fees for Dublin City Council.
This article refers to John Fitzgerald (City Manager) as follows;
The insurance companies aren't going to make a 'charitable donation' to Dublin City Council. I would expect that insurance companies would simply increase their premiums to cover this new callout fee. Therefore, the costs will simply be spread across all businesses.
I'm just amazed that a senior public official would support the 'black hole' theory by such an ill-considered comment.
Regards - RainyDay (no connection with the insurance industry)
This article refers to John Fitzgerald (City Manager) as follows;
He said most of the businesses would be able to reclaim the charge from their insurance cover.
The insurance companies aren't going to make a 'charitable donation' to Dublin City Council. I would expect that insurance companies would simply increase their premiums to cover this new callout fee. Therefore, the costs will simply be spread across all businesses.
I'm just amazed that a senior public official would support the 'black hole' theory by such an ill-considered comment.
Regards - RainyDay (no connection with the insurance industry)