Donegal TD claims new guidelines on personal injuries is benefiting insurance companies and not customers
A Donegal TD has expressed concern that new legislation introduced around personal injuries is lining the pockets of insurance companies, while there is little evidence in any reductions on the premiums that customers are forced to pay. Compensation paid out by the Personal Injuries Assessment Board fell by almost…
Insurance companies ‘blatantly profiteering off the Covid-19 pandemic’ says Donegal TD
A Donegal TD says insurance companies are ‘blatantly profiteering off the Covid-19 pandemic.’ Sinn Fein Deputy, Pearse Doherty, claims insurance companies are deducting supports businesses received under the Employment Wage Subsidy Scheme under their policies and are ‘pocketing the money.’ He says last year the Minister for State Seán Fleming…
Banks & Insurance Companies to contribute to Mica Fund
Homes impacted by the Mica or pyrite conditions in Donegal and Sligo could be line to recieve contributions from banks and insurance companies. The Housing Minister says good progress is being made in talks on changes to the scheme. Homeowners across the west and north west of the Country…
Doherty claims Insurance companies are ripping off customers
A Donegal TD has raised concerns over the costs associated with settling motor insurance claims The cost of settling a motor insurance injury claim has risen by almost a fifth over the last 5 years. The average compensation pay-out for claims through litigation is now just over 46…
Central Bank urged to deal with Insurance Companies that fail to pay out for Covid Disruption
A Donegal TD is calling on the Central Bank to use its supervisory and enforcement powers against insurers refusing to pay out to thousands of businesses covered for business interruption in their policies who were forced to close due to Covid-19. Sinn Féin Finance spokesperson Pearse Doherty TD says…
Restaurants facing closure in New Year as insurance market shrinks
A Sligo-based past President of the Restaurant Association of Ireland says there are restaurants and businesses in the hospitality industry facing closure in the New Year because of the difficulties and cost of getting insurance. It’s after four of the companies offering insurance to the sector announced they are to…
Scanlon: Insurance companies ‘ripping off’ people
A Sligo Leitrim TD has told the Dail that insurance companies are ‘ripping off the Irish people.’ Fianna Fail Deputy Eamon Scanlon made the comment in the Dail yesterday afternoon when he asked for an update on promised legislation in the area. Taoieach Enda Kenny told him there would be…