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Data on insurers’ payout deductions won’t be published this year | Business Post

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Data on insurers’ payout deductions won’t be published until 2023 at the earliest – peterodwyer1 reports.

Seán Fleming: The junior minister at the Department of Finance has introduced legislation which would require the Central Bank of Ireland to gather information on the number and value of the deductions made by insurers and to publish the data. Picture: Fergal Phillips

Data on the amount of taxpayers’ money deducted from compensation awards to hard-pressed business owners by insurers will not be available until 2023 at the earliest, theThe government is coming under increasing pressure to recoup millions of euro that insurance companies have deducted from policyholders’ awards, after the Department of Finance abandoned plans to pursue the companies for the money on foot of legal advice.

 

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