Average car insurance premiums rose by 4% last year and have increased by 18% since 2022. Some positive signs re premiums reducing in recent months but more is needed.
#InsuranceReform
https://t.co/9Ys6M54gCt
Increasing damage claims contributed to the average cost of a car insurance premium rising by 4% to €655 last year, new research from the Central Bank shows. https://t.co/DnBxNh90gi
Govt must prioritise publication and passage of the Judicial Council (Amendment) Bill, which would strengthen the awards review process through international benchmarking and greater involvement of the Injuries Board.
4% rise in car insurance costs: https://t.co/kLygadQxSR
A constructive meeting with Minister @peterburkefg and Senator @LindaMurray05 yesterday where we discussed ongoing insurance challenges for business, sports and voluntary orgs, as well as various items under the Government’s Action Plan for Insurance Reform.
#InsuranceReform
“Motorists, businesses, sports, community and voluntary groups are still paying far too much for insurance and this saving should be passed on in full through lower premiums.”
#InsuranceReform
RTÉ News: Possible insurance saving due to levy reduction
https://t.co/Kcl8YZG6Op
Good to be at the @FineGael Small Business and Enterprise Conference today.
Assess to affordable insurance remains a significant barrier to growth and success for Irish SMEs, so it is essential the savings from insurance reform now reach local businesses.
#InsuranceReform
“several recommendations around insurance as “delays in litigation and wider inflationary factors continue to impact premiums,” the report said.” https://t.co/jsyWCP8KLA
Report contains important recommendations to tackle high insurance and legal costs for businesses. Prompt delivery of proposed reforms will be key
#InsuranceReform. RTÉ News: Forum recommends tackling energy costs for businesses https://t.co/QdJFEpYDZz
Insurance Ireland is proposing a new levy of €24 per insured household to be placed into a "sustainable flood insurance fund" to address what it calls "Ireland's flood insurance protection gap" https://t.co/ixXwUhUI5T
Any solution to address the flood insurance protection gap “must be transparent about who pays, who benefits and what policyholders receive in return” says Alliance for Insurance Reform.
#InsuranceReform
https://t.co/qNKmj93BLO
“New EU-wide product repair rules come into force” - yet repair cafes in Ireland have faced so many problems obtaining the necessary insurance cover… https://t.co/oFooZ8XPDL
‘Extreme heat often falls outside traditional business interruption insurance, exposing a growing protection gap for companies across Europe’ https://t.co/73cJhEa29B