Local councillor warns that Insurance costs are threating to dampen Christmas spirit
A Sligo Councillor is warning that difficulties in securing insurance along with the eventual costs of polices will prevent some local community groups in running annual Christmas events in the weeks leading up to the festive period. Sligo Drumcliff councillor, Thomas Healy has expressed the fear that many communities…
Local TD claims north west festival groups are struggling to obtain insurance cover
The Dáil has heard that some local festivals in the north west may not go ahead this year due to organising committees being unable to afford the spiralling cost of insurance. The events normally takes place annually however due to Covid-19 some haven’t taken place since 2019. There…
EU directive should mean better protection for motorists
A north west MEP says people who have road accidents in another EU country should enjoy better protection following the endorsement of new motor insurance rules. The European Parliament has just approved an updated Motor insurance directive which will give drivers better insurance protection and fairer competitive practices across the…
Insurance premiums not reducing in line with payouts, insists Doherty
A Donegal TD says the reduction in personal injury awards must be matched with reductions in insurance premiums. Sinn Féin spokesperson on Finance Pearse Doherty says he welcomes confirmation from the Personal Injuries Assessment Board that personal injury awards have fallen by 40 per cent since personal injury guidelines came…
Doherty says new insurance fraud office long overdue
A Donegal TD is welcoming the news that a new Garda Insurance Fraud Coordination Office is to be established. Sinn Féin spokesperson on Finance Pearse Doherty says the office will allow policyholders who suspect a fraudulent claim has been made against them to report this directly to the Gardaí instead…
Donegal TD ‘disappointed’ no legal action taken against insurance industry
A Donegal TD has described as “deeply disappointing” the fact that no legal action has been taken by the competition regulator against the insurance industry after a five-year investigation. The Competition and Consumer Protection Commission (CCPC) said it had secured “legally binding commitments” from six insurers – AIG Europe, AXA…
Donegal TD says dual pricing report is a ‘victory for consumers’
A Donegal TD has described the recent Report on Dual Pricing in the Insurance Market by the Central Bank as a damning indictment of the insurance industry, and has said it represents a “victory for consumers.” Sinn Féin spokesperson on Finance Pearse Doherty TD has long called for a ban…