Head of Law Society slams insurance sector over hikes

The president of the Law Society has accused the insurance industry of using the Setanta Insurance fallout to “excuse their egregious increase in premiums”, claiming the sector will soon find another way to keep customer payments high in the future.

In a forthcoming article for the Law Society of Ireland Gazette, Stuart Gilhooly says the legal profession was “fighting the good fight” for consumers, as opposed to the insurance sector which he claims “scandalously used the entire debacle” of Setanta’s collapse to keep premiums high.

A Supreme Court ruling last month overturned previous court findings that the Motor Insurers’ Bureau of Ireland (MIBI) should pick up the bill as a result of the demise of the insurance company. The MIBI is funded by the insurance industry.