The European Commission’s investigation into insurance practices in Ireland has shown that the “kid gloves approach” of the Government towards the industry has not worked, the Dáil has heard.European CommissionThe commission has opemed a formal inquiry into Insurance Ireland, the industry’s representative body over allegations of anti-competitive practices and the restriction of access by some companies to a claims database.he had “dragged your heels on this issue for far too long”.
But the Taoiseach insisted the Government had been proactive in tackling the significant increase in insurance costs, motor insurance premiums were down 20 per cent from their peak and had to continue to drop, and that health insurance prices were also stabilising.However, Mr Varadkar accepted that the cost of insurance cover had affected families and businesses.
He said three Bills had been passed in the area since the beginning of the year but it would take some time for the effect of the legislation to be seen by consumers. He said a fourth Bill - to allow the judiciary to come up with new guidelines on insurance claim awards - was currently going through the Oireachtas.
Isn't it funny how risk equalization means that's insurance companies can't discriminate against the elderly with respect to health insurance but no such protection exists for young people in regard to motor insurance....
Another day, another populist issue to exploit
Q:So it's a known fact as per Mary Lou, so what did Sinn Féin and all the other political representatives do about it? A: Sweet F all.
Tell us something we all haven't known for years. Not that it's an expense you or other politicians have to worry about
MaryLouMcDonald Rebates all round...
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Source: IrishTimes - 🏆 3. / 98 Read more »