Michael Noonan told to speed up motor insurance review

Finance Minister Michael Noonan has been warned squeezed motorists and businesses cannot afford to wait until the end of the year for a review of spiralling insurance costs to be published.

The Department of Finance is undertaking a review of the motor insurance market after rapid price increases over the past 12 months have seen premiums surge 34%.

Speaking in the Dáil in response to a query by Fianna Fáil TD Thomas Byrne, Mr Noonan reiterated his stance that the review would be finalised by the end of 2016.