[Politech] Speed cameras main purpose? To raise more revenue [priv]

From: Declan McCullagh (declan@private)
Date: Tue Oct 28 2003 - 06:28:30 PST

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    A new report (see article below) calculates that speed
    cameras will generate an extra $680 million for UK insurance
    companies this year. Companies will assess an average $332
    extra per year for a motorist who receives a single camera
    ticket. Two tickets will cost an average of $870 more and a
    third means an extra $2,405.
    
    This is concrete evidence of the direct financial incentive
    that so-called "safety advocates" have to promote red light
    and speed camera technologies. The Insurance Institute for
    Highway Safety (IIHS), the leading U.S. proponent of the
    technology, is directly funded by the top 66 insurance
    companies. These companies stand to reap a similar windfall
    by hiking rates in California and Arizona where points are
    assessed for camera violations. Of course, police officials
    like one of D.C.'s top cops have openly said they'd like to
    give points for camera offenses. That's the billion dollar
    payoff to the supporters of this technology. --Richard
    Diamond
    
    Full article:
    
    http://www.thisislondon.co.uk/news/business/articles/timid69666?source=
    Speed camera drivers' 1,500 bill
    27 October 2003
    
    BEING caught by speed cameras could cost up to 1,500 in
    insurance premiums, a report has revealed.
    
    Penalty points on a licence are seized upon by insurers, who
    are expected to make an extra 400m from drivers who get
    caught this year alone.
    
    The report shows that being snapped by the cameras means far
    more than three points and a 60 fine. The 'double whammy'
    comes when drivers have to tell insurance firms of any
    speeding offences during the last five years.
    
    Three points on a licence will mean the driver having to pay
    an average 196 'risk levy' over the five years on top of
    normal premiums. Motorists with six points will pay 512.85
    extra, while those with nine points a staggering 1,419.40.
    
    The extra 'stealth' costs were found by Cyclops, which makes
    in-car speed camera detectors. The devices are legal because
    they alert drivers to the presence of cameras which -
    ministers and police insist - are safety measures to save
    lives, not raise money.
    
    A Cyclops spokesman said: 'Insurance premiums provide
    another sting in the tail of a speed camera endorsement.
    Until recently most insurers ignored one speeding
    conviction, classing them as minor infringements.' But
    following the speeding crackdown, he said, many insurers
    have started acting upon drivers who receive just one
    conviction.
    
    ...
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