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Originally Posted by Gerard C
David my bet is that they already made the calculation by now. As thunder says, its a rather cynical world we live in. If the EU directive has to be applied they will make a lot of additional business with all kind of vehicles concerned. May be a good question could be what is the real weight of non pro racers for whom it will be an additional cost hard to stand. Dont you feel some important clubs could assist in this matter?
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You may be overlooking the fact that insurers need to be able to put a value against the potential costs of their exposure to any risks. And it is this requirement that they have that their actuaries to provide a cost to a client.
If, as seems to be suggested by this movement to incorporate it in to an EU directive, insurers are expected to offer unlimited damages in the event of a claim, then they will not be able to provide a realistic costing to potential policyholders.
This is why, I believe, that this will not be supported by the insurance industry.