Pearse Doherty TD Sinn Féin's Spokesperson on Finance INSURANCE COSTS ARE squeezing incomes and crippling business.
For years I have been calling out the industry for price-gouging consumers with rip-off premiums while challenging their aggressive PR campaign of claims and fraud. I have challenged insurance companies in the Finance Committee on the prices faced by their customers, and the claim that they only rip us off because Ireland is infected with a “compo-culture” that gives them no choice but to hike up our premiums.
In fact, since 2009, the total number of claims made has gone down by 42%, with injury claims made falling by 20%. Secondly, motor insurance premiums have sky-rocketed with little correlation between them and the cost of claims. Since 2013, premiums have gone up by 62%, increasing every year. For too long the Government, Fianna Fáil and sections of the media have regurgitated the industry’s lines. Their lines fly in the face of the facts.
Insurance is a legalised criminal enterprise. All Insurance companies were insolvent after the property crash. That is where they had invested their money. The Govt decided to let them rip us off rather than publicly bail the shits out. Same difference but no effect on Govt.
Set up a Government compensation fund thats paid at the charger or fuel pumps, enclosing motor tax. Take it all away from the thieving private sector. The more you drive then the more you pay.
Thats what need leading our country pierce doherty not the ass wipes we have
Money racket
Doherty should be running this country