Today's ruling by the European Court of Justice that insurance companies must not differentiate between men and women when setting prices for car insurance and other financial products is stupid and perverse.
Responsible young female drivers will have to pay more to cover irresponsible young male drivers, who are statistically twice as likely to have an accident. How is that fair? My student daughter, a careful driver already feeling the financial pinch of rising fuel prices, will see the cost of her car insurance soar by 20-25 per cent, a blow she can ill afford and one she does not deserve. And there'll be hundreds of thousands of young women like her.
I'm not an anti-European. And I believe that as a general principle we cannot expect to pick and choose which laws to obey and which not. But something is seriously wrong with the basis on which the European courts are making asinine judgements like this, and it needs taking in hand fast.
- ▼ March (7)