Reply to post: Oliver Jones

50th anniversary of the ATM opens debate about mobile payments

Anonymous Coward
Anonymous Coward

Oliver Jones

Insurance is partially a hedged thing, so "mandatory" may cause you to have to give a policy to an expensive customer. Where as previously, you just showed the door to them (we did this in one place I worked, "creatively" with pricing, we only wanted the "cheap", that is easy and low claim customers).

However, the point does still stand for monopolies. And in my case again, they did not quite have a monopoly but did just rise prices "because everyone else is".

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