IHF welcomes new Bill to address insurance costs
The Irish Hotels Federation (IHF) has welcomed the publication today of the Civil Liability and Courts Bill 2004 by Minister for Justice, Michael McDowell.
John Power, Chief Executive of the IHF said that the hotel and guesthouse sector had been vulnerable in recent years to increases in insurance costs and that "false insurance claims, together with the cost associated with their settlement, have played a major role in driving up the average insurance premium in the hotel sector by as much as 351% from 2000 to 2003".
