Doherty pushes insurance companies on lower premiums

A Donegal TD has called for cross party support for legislation which would require the insurance industry to report how it has passed on the impact of the new Personal Injuries Guidelines to consumers in the form of lower premiums.


Deputy Pearse Doherty was speaking after the new guidelines, which will see the cost of claims cut significantly for insurers, came into effect recently.


The Sinn Fein Spokesperson on finance says there will be a significant reduction in the cost of claims for insurance companies, by as much as 60 percent.


He’s now calling on the insurance industry to respond to the new guidelines with an immediate reduction in the premiums charged to consumers.