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Insurers blank cash-saving plan

24th October 2002
Page 8
Page 8, 24th October 2002 — Insurers blank cash-saving plan
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Which of the following most accurately describes the problem?

• A Dorset-based vehicle recovery operator has slammed the insurance industry after it showed no interest in a moneysaving scheme he proposed.

James Riley, owner of Chnstchurch firm Auto Assistance, was so fed up with recovery operators and insurance compa nies being ripped off by police recovery contracts that he proposed an alternative. Together with a friend who runs a call management centre and with limited backing from fellow operators, he approached the Association of British Insurers and several companies direct, offering an alternative recovery service that would save the insurers money and pay those doing the recovery a fair rate for the job. However, it has met with little or no response. Riley says he will further refine his proposals and now intends to tackle underwriters, rather than insurance companies.


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