Tuesday, July 27, 2010

Speed cameras - a sad loss

The possible end of the speed camera industry is an interesting moment for our risk-obsessed society - yet curiously the biggest losers are likely to be those insurance companies that automatically stick £50-100 a year on the premiums of vicims (regardless of record ...grrr) for the life of the endorsement. 

Speed cameras were introduced by the Tories in 1992, and we'd guess that the amount of cash mugged off motorists by City insurers vastly exceeds the amount taken in fines. 

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