Justice Minister: Continuous insurance hikes threatening livelihoods

Justice Minister: Continuous insurance hikes threatening livelihoods

Justice Minister Charlie Flanagan has said the insurance industry needs to do more to address the cost of premiums.

Mr Flanagan said that the constant hiking of costs are threatening livelihoods and is calling for reform.

He said the profits of the top ten biggest insurance companies were up 200 million in 2017.

Insurance Ireland's Declan Jackson agrees that the current situation needs to be changed.

He said: "We would support the calls for reform of Irish claims costs and we believe that if these are brought through as a matter of urgency, they will bring a normalisaiton to the market which is greatly needed."

More on this topic

Public bodies trying to find patterns as figures reveal 'staggering' level of insurance claimsPublic bodies trying to find patterns as figures reveal 'staggering' level of insurance claims

€43m paid out in insurance claims on behalf of 28 local authorities in first nine months of 2019€43m paid out in insurance claims on behalf of 28 local authorities in first nine months of 2019

Probe finds 'cosy relationship between certain solicitors and GPs' encouraging personal injury claimsProbe finds 'cosy relationship between certain solicitors and GPs' encouraging personal injury claims

Ghost broker investigation may lead to cancellation of 600 car insurance policiesGhost broker investigation may lead to cancellation of 600 car insurance policies


More in this Section

Drivers urged to take care on roads with snow and ice warning in placeDrivers urged to take care on roads with snow and ice warning in place

IFA to set to name new presidentIFA to set to name new president

Dublin's new 24-hour bus service deemed 'a roaring success'Dublin's new 24-hour bus service deemed 'a roaring success'

Three arrested as gardaí seize €900,000 worth of drugs in LouthThree arrested as gardaí seize €900,000 worth of drugs in Louth


Lifestyle

Last week, en route to La Gomera in the Canary Islands, I decide to stop off in Tenerife and take the 1.2km cable car ride to the top of Mount Teide, 3,660m above sea level. Cable cars are invariably an exciting way to travel.Dursey Island is a special place because of its remoteness

It can be considered offensive by some but generally the word ‘tinker’ is not considered rude says the Traveller’s advocacy group Pavee Point. Over time the term became synonymous with ‘Traveller’ and it is this which is current today.The Islands of Ireland: Tinkering with the past on Tinker’s Island in West Cork

Dr Naomi Lavelle explores some questions about walking upside-downAppliance of Science: Could humans copy insects' ability to walk upside-down?

Emer Corridan is the general manager at the award-winning four-star, Cahernane House Hotel in Killarney, Co. Kerry.You've Been Served: Emer Corridan, general manager at Cahernane House, Killarney

More From The Irish Examiner