This is why I have a dash cam | Page 10 | GTAMotorcycle.com

This is why I have a dash cam

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Rob MacLennan said:
They have, however, done the math and have found that putting additional anti-fraud measures in place would cost as much as, or more than, the fraud itself.
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I'm a little confused on this one...wouldn't that in effect REDUCE future occurrences of fraud from ever taking place? Think of it this way, if the system in place could determine what was fraud and what was a genuine claim, shouldn't that drop our long-term insurance rates? Am I being dense here/naive in thinking that's how it should work (understanding that short-term costs would be high, but long-term the system should theoretically pay for itself)?
 
dr_sarcasm said:
I'm a little confused on this one...wouldn't that in effect REDUCE future occurrences of fraud from ever taking place? Think of it this way, if the system in place could determine what was fraud and what was a genuine claim, shouldn't that drop our long-term insurance rates? Am I being dense here/naive in thinking that's how it should work (understanding that short-term costs would be high, but long-term the system should theoretically pay for itself)?
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Reducing the future instances of fraud, however, does not substantially reduce the cost of filtering information for that fraud. You've still got the same volume of data to control, sort, and qualify. The rates could drop, probably would in fact, but insurance company profits wouldn't take any less of a hit. They are private corporations, after all, and have to answer to their stock holders.

In other words insurance rates would first have to go up, in order to cover the costs of the anti fraud programme, before they could go down.
 
Rob MacLennan said:
In other words insurance rates would first have to go up, in order to cover the costs of the anti fraud programme, before they could go down.
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That was my understanding - but think of it this way, if someone like a TD or Statefarm followed this model, wouldn't they be excited about the sheer numbers that they could get from offering insurance at a discounted rate vs. all their competitors (in essence, filling up the company coffers based on saturation of market to offset initial losses of implementing such a program)?

I would jump ship if an insurance provider offered me discounted rates with no chance of increases because they had state-of-the-art scam prevention programs in effect (and I'm sure others would too). But of course, you're right, this is but a pipe dream.
 
dr_sarcasm said:
That was my understanding - but think of it this way, if someone like a TD or Statefarm followed this model, wouldn't they be excited about the sheer numbers that they could get from offering insurance at a discounted rate vs. all their competitors (in essence, filling up the company coffers based on saturation of market to offset initial losses of implementing such a program)?

I would jump ship if an insurance provider offered me discounted rates with no chance of increases because they had state-of-the-art scam prevention programs in effect (and I'm sure others would too). But of course, you're right, this is but a pipe dream.
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The problem with that theory is their business would take a massive hit, when they had to increase their rates in order to cover costs. It would either be a net wash or a net loss, due to clients leaving and not coming back.

The government overseers also take a dim view of predatory pricing practices.
 
The issue is that there is little incentive for one individual insurance company to do anything.
If there is more instances of fraud in a particular locale, all that happens is that all insurance companies functioning in that locale raise their rates. Bottom line stays the same, cost gets passed on to other consumers.

If one company were to all of a sudden enforce the area a lot, that would cost them money, but it would create a lowering of fraud for all other companies (unless they have a monopoly- see ICBC). Creating a free rider problem. The company that does it starts making less money and arguably lose market share if they raise prices to compensate.
 
GayManLoveIsOK said:
heck, people in my office think reddit is horrible, i don't even mention 4chan, they just don't understand...mind you, i don't venture onto 4chan, and don't piss anyone off on, near, or associated with them...lol...they can have a bit of a lynch mob mentality...the problem with them going after someone is they don't just go after the one person, they'll go after friends and family...hence the 401 tamil dude now feeling their wraith, including the poor guys family...
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Peer pressure is a powerful tool. Attack a persons family and friends and the person will theoretically have no place of refuge. While there may be some logic in this it's also where feuds get started.
 
kk updates. he changed his plates to BNKC 061. VIN should be JH4CL95856C800595. He has no more tiger on his rear windows. The front plate is offset. He fixed his bumper with touchup paint.

asking for 500 before and only fixing his car with touchup paint is too much
 
Someone post the link to the 4Chan thread. I tried looking and failed to find it.
 
He is currently staying at a friends house to avoid people tracking him down.

RFD Recon V4 completed.


Looks like someone went and posted posters of his alleged scammy actions.


There was a bunch of these posters posted around the whole neighbourhood, most of the lamps and community mailboxes were tagged up.


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Omfg!
 
wow. 4Chan....i fear...
 
BusaBob said:
wow. 4Chan....i fear...
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...and right you should...hence why I'm a lurker there (and reddit), and have been for years... Lol.

I seriously love that place.
 
Publicly shaming this clown into never even thinking about doing anything like this again ... I don't have a problem with.

I really fear that there is going to be one nutcase that takes retribution too far.
 
Brian P said:
Publicly shaming this clown into never even thinking about doing anything like this again ... I don't have a problem with.

I really fear that there is going to be one nutcase that takes retribution too far.
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There is no such thing as too far. There may be more acts like this, somebody needs to be made an example to prevent future stupidity like this. We know the government isn't going to step in...and they sure as hell cannot do anything about 4chan. Think back to megaupload being taken down and what 4chan, and anon's response was....but now I'm venturing into geek territory that many older ppl on this site will have no idea about.
 
oh man, the posters are priceless...that happened to a kid in my old highschool, someone put up posters around his neighbourhood looking for large ladies for some free diet thing and they put his home phone on it...many lols were had...

as much as the guy is a tool, i hope they don't touch the car or family...just never touch another mans car...well, maybe just a little, like change all the underlights to hot pink or something...
 
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