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Car insurance market condemned by MPs

CAR INSURANCE is a "highly dysfunctional market" in which firms' pursuit of profit has led to higher prices for consumers, a report by MPs has said. In some cases, business practices have not been in the consumer interest and have "inadvertently encouraged criminal activity", the report from the House of Commons Transport Committee said. There was no clearer example of this than "insurance firms' willingness to pay compensation for whiplash claims which they suspect are fraudulent without requiring the claimant to undergo a medical examination".

Ferrari 400 Superamerica sells for £2.3 million

The 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB - record price The world’s in the depths of the worst recession in a generation (or three). Banks aren’t lending to anyone who needs it – just to those who don’t. The Greeks are up in arms at the prospect of actually paying any tax and the Euro is on the edge of collapse (actually, the Euro was always an accident waiting to happen).

Young driver training scheme to expand

AN EXCITING scheme has been launched in curricula across the country to give children education in and practical experience of safe driving. A mixture of off-road hands-on young driver training mixes with theory work to give kids a head-start on road safety issues and take away some of the urge to rush to pass their tests when they reach 17. After tracking the progress of students who took part in a pilot scheme, the operators of Young Driver at School discovered that the training course reduced the rate of accidents by half, when compared to the normal accident rate for 17-24 year-olds.