April 29, 2005

The Land Use Thing

(Note: due to access expiry of the online article referred to here, the link destination had to be changed)

An online article on PAYD was brought to my attention. The city of Vancouver, Canada, wants the Insurance Company of British Columbia (ICBC) to offer insurance on a per-kilometre basis. The city council has unanimously carried a motion to that effect. If I understand correctly, some Canadian states have divided the motor insurance business into a public (liability) and private (all other risks) part. I assume British Columbia is one of those states, and that ICBC is the public liability insurer. The idea is to base the scheme on odometer readings.

I browsed some of the (very many) reactions that appear as links under the article. They vary from ' I think it' s a great idea' to 'Awful, what will they think of next'. Many are fun to read, and they reminded me of some issues concerning public acceptance of TDM measures.

One argument that was repeatedly used particularly struck me. It is about land use.

As property prices in the big city centres skyrocket, people who have (low- to mid-income) jobs in those cities are forced to move to houses they can pay, further off the centre. They can do this, because the transport by car gets them to work. So financial pressure made them commuters with lots of miles driven per year.

Then, when a per-kilometre charge is introduced, your insurance fee goes up, leaving you feeling charged for your poverty by your government. This I can understand.

Nevertheless, there are ways to circumvent or mitigate this problem. There is the possibility of distinguishing between urban and rural per-mile rates. Based on damage claim counts, this would most probably be entirely justified actuarially. When using odometer readings, rates would have to be based on zip-codes of insureds.

Still, these rate-distinctions are unlikely to compensate rural high-mileage drivers fully. That would also be undesirable from an environmental point of view. So (odometer-based) PAYD acceptance by this part of the public is likely to be lower than with others.

A thing to be reckoned with when planning (governmental or insurance company) policy...

Christof

21 Comments:

Blogger St Louis Cardinals BUFF said...

www.screentrade.co.uk insurance brokers

11:06 AM  
Blogger St Louis Cardinals BUFF said...

Compare car insurance quotes and save 10% online insurance online

11:06 AM  
Anonymous Anonymous said...

I have a business ecommerce home resource
site. It pretty much covers business ecommerce home resource
related stuff. Check it out if you get time :-)

11:32 AM  
Anonymous Anonymous said...

Very cool blog you got! I just added you to my bookmarks!

I have a great article resource you might want to check out.

7:40 PM  
Anonymous Anonymous said...

Just came accross your blog while browsing. I invite you to visit: website design bathurst

10:21 PM  
Anonymous Anonymous said...

Yo, This blog is pretty neat. You should check out mine sometime. It pretty much covers filing income tax return online related stuff.

6:57 PM  
Blogger Iravan said...

I would argue that Exit Traffic is actually one of the best forms of traffic generation. I am going to book mark this blog, nice topics discussed

By the way... I have a houston traffic cam site. It pretty much covers Traffic related stuff.

Come and check it out if you get time :-)

4:01 PM  
Blogger Iravan said...

Weird. I always thought the Rettop Method was the best for generating traffic. I am going to book mark this blog, nice topics discussed

By the way... I have a traffic school site. It pretty much covers Traffic related stuff.

Come and check it out if you get time :-)

4:25 AM  
Anonymous Anonymous said...

Consider the power of being able to create incoming links to your site any time you want them...

10:05 AM  
Blogger aajkal21 said...

The site graphics are awesome,great work visit this site for more information on Term Life Insurance Quote

1:41 AM  
Anonymous Anonymous said...

And A Link Back To Your Web Site Excite You?

1:40 PM  
Anonymous Anonymous said...

Hey, you have a great blog here! I'm definitely going to bookmark you! The information and Internet marketing product evaluations that you provide are great for beginner webmasters.

Now, I have a related make money survey site/blog. It pretty much covers make money survey related stuff. In addition, I supply the secrets that I used to make $12,124 from Google Adsense last month.

Come and check it out if you get time :-)

4:02 AM  
Anonymous Anonymous said...

AWEsome blog you have here...I appreciate you allowing comments as I do on my blogs. I have some articles and information about life insurance that you could perhaps use at my Term Life Insurance Quote website blog: Term Life Insurance Quote...best regards

6:52 PM  
Anonymous Anonymous said...

to all of the major RSS feed directories on the Internet.

1:36 AM  
Blogger Iravan said...

Weird. I always thought the Rettop Method was the best for generating traffic. I am going to book mark this blog, nice topics discussed

By the way... I have a online traffic school site. It pretty much covers Traffic related stuff.

Come and check it out if you get time :-)

5:32 AM  
Blogger Iravan said...

I would argue that Exit Traffic is actually one of the best forms of traffic generation. I am going to book mark this blog, nice topics discussed

By the way... I have a traffic cam site. It pretty much covers Traffic related stuff.

Come and check it out if you get time :-)

6:18 PM  
Anonymous Anonymous said...

Your site is very clean and easy to get around in – very nice. I have a generating web site trafficsite. It covers generating web site traffic related things.

3:30 AM  
Blogger Goodman441 said...

I would like to say this is a great blog about make extra money online. I think alot of you might be interested in my site too. Click the Link below to visit my site.
Click Here

Thanks!

6:51 AM  
Blogger Iravan said...

Weird. I always thought the Rettop Method was the best for generating traffic. I am going to book mark this blog, nice topics discussed

By the way... I have a exit traffic exchange site. It pretty much covers Traffic related stuff.

Come and check it out if you get time :-)

6:57 PM  
Blogger Targeted Traffic Hits said...

pay per click traffic A fantasic way to get people to your website fast. Not only will you get a massive amount of real visitors to your websiite, we can target visitors so you only receive people who are interested in what your selling or what your writing about. Imagion for a second you have a blog subject related to Rugby we can send you people who would join your blog and talk about that same subject. Targeted Traffic can also increase your sales to your website as we can send you real people who are active and looking for your products. So if you are selling anything or you have services, come have a read at how we can Increase sales We have lots more information on our website so come check us out. pay per click traffic. Get your own Article Directory for your Blog or website (reprint rights available)
Also Stay tuned to this Site (you may want to keep this link) 2011 NZ WORLD CUP And dont forget to check out the World Cup 2011 Blog

11:24 PM  
Anonymous BayuFA said...

generating web site trafficgenerating web site traffichttp://corporatestrategicalliances.comHopi
generating web site traffic
http://corporatestrategicalliances.com

12:09 AM  

Post a Comment

Links to this post:

Create a Link

<< Home