Posts Tagged: insurance

Car running costs dip but insurance still an issue

Car running costs dip but insurance still an issue The average cost of running a family car for a year stands at €10,590, according to the AA’s annual survey of motoring costs – a decrease of €98.11 on last year. The survey also revealed a 7% drop in insurance costs, but the AA said the… Read more »

Injury awards driving up insurance prices – insurers

Injury awards driving up insurance prices – insurers Insurance premiums will fall if the cost of claims in Ireland falls, insurance companies have been telling the Oireachtas Finance committee. The Chief Executive of Allianz, Sean McGrath, said the single biggest issue facing the cost of claims is getting the high level of injury awards under… Read more »

Personal injury costs threaten retail viability

Personal injury costs threaten retail viability Retailers have hit out at the slow pace of insurance reform. Rising personal injury awards are threatening the viability of the sector, according to Ibec’s Retail Ireland division. Large numbers of retailers will be unable to meet the rising cost of insurance premiums unless urgent reform to the compensation… Read more »

Insurance fraud crisis is costing jobs, says top judge

Insurance fraud crisis is costing jobs, says top judge Former High Court president Nicholas Kearns has expressed frustration at the slow pace of insurance reform, saying the country risks reputational damage if the claims culture is not tackled. He is baffled that a dedicated Garda unit has not been set up to prosecute fraudsters, and… Read more »