Saga shareholders give board bloody nose over pay

Shareholders in over-50s-focused travel and insurance business Saga, have given the company a bloody nose with 28% voting against the firm's pay plans for executives.

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Irishman Barry O'Dwyer appointed group chief executive of Royal London

British insurer Royal London has named Irishman Barry O'Dwyer as its new group chief executive.

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People found guilty of perjury could face €100,000 fine under proposed laws

Insurers, brokers and businesses have come out in favour of key reforms being considered by the Government to curb fraudulent and misleading insurance claims.

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Making Cents: Planning for the worst will help you relax abroad

With school holidays underway, many families around Ireland are currently preparing for their annual summer break. Although making the to-do list can feel longer than the trip itself, there are some tasks that are particularly important — and organising your travel insurance should be one of them.

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People are 'forced to drive without insurance because they can't cover the cost' - industry expert claims

One in four parents have helped their children pay for car insurance, according to the AA.

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Fines of €100,000 or jail for insurance fraud

Insurance fraud is now punishable with fines of up to €100,000, and/or prison for up to ten years, warns Detective Sergeant Alan Govern of the Garda National Economic Crime Bureau.

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Survey finds average 200% rise in insurance for businesses and charities

A survey has found that small businesses and charities have seen an average increase of 200% in their insurance costs over the last five years.

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Combined profits at 17 insurance firms rise by more than 1,300% in a year

Profits at insurance companies have increased by more than 1000%, despite rising premiums for customers.

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Banks failing to deliver home insurance value

Does your bank provide your home insurance, and is it competitive? John Hearne says now may be a good time to shop around.

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Insurance conundrum a big issue for voluntary organisations

Though voluntary bodies now have better protection against claims, their insurance costs are still rising, writes Tim O’Connor.

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TD withdraws compensation case: The right call

Though Fine Gael TD Maria Bailey has decided to withdraw a €60,000 claim against a hotel after falling off an indoor swing during an evening out with friends she may, in the fullness of time, regret ever taking it.

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Govt 'does not tell the Garda Commissioner what to do': Shelved plans for insurance fraud unit defended

Minister of State at the Department of Finance with special responsibility for Financial Services and Insurance, Michael D’Arcy has defended the Minister for Justice’s decision to shelve plans for a dedicated Garda Insurance Fraud Unit.

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Govt abandons plans for dedicated Garda Insurance Fraud Unit

Plans for a dedicated Garda Insurance Fraud Unit have been abandoned.

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Government urged to ‘put manners’ on insurers

The Taoiseach has been urged to “put manners” on insurance companies with new laws to combat crippling premiums.

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Taoiseach urged to 'put manners' on insurance companies

Sinn Féin has called on Leo Varadkar to introduce major reforms on how insurers do business.

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Michael McGrath calls on Govt to speed up reform of insurance industry

Fianna Fáil’s finance spokesperson Michael McGrath has said that the Government needs to accelerate reform of the insurance industry in Ireland.

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European Commission launches formal investigation into Insurance Ireland

The European Commission is formally investigating whether Insurance Ireland is reducing drivers’ choice of insurance policies by preventing companies from being included in a pool of firms offering cover.

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FBD rises despite Brexit fears and personal injury claim outlook

Shares in FBD rose strongly despite the insurer telling investors the impact of Brexit remains "a major source of uncertainty" for the company.

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Hundreds of festivals and events under threat from soaring insurance costs

Hundreds of community and volunteer events and festivals could be under threat due to soaring insurance costs and regulatory issues.

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'The consumer comes last' - TDs offer scathing criticisms of insurance companies

Minister Michael Darcy was called upon to explain what actions the Government is taking to protect consumers amid sharp hikes in premiums.

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Gardaí call for real-time insurance database to help catch uninsured drivers

Middle-ranking gardaí are calling for a real-time insurance database to help them catch uninsured drivers.

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Insurers pose a premium-level problem

We are great at carrying out clean ups in this country – cleans ups that occur after lengthy periods during which the area affected has been allowed to go to rack and ruin.

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FBD blames insurance costs solely on legal system

FBD Insurance has accused the legal profession of being solely responsible for exorbitant premiums for businesses as it defended its 41% rise in profits last year.

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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.

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Watchdog unable to give time line on motor insurance investigation

The consumer watchdog claims it is unable to put a timeline on its investigation into anti-competitive practices in the motor insurance market.

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FBD sees hard Brexit as main growth headwind this year

Insurance group FBD views the prospect of Britain crashing out of the EU without a trade deal in place as the single biggest headwind facing its performance this year.

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Peter Boland: Irish insurance industry a ticking time-bomb

The Irish insurance industry is a ticking time-bomb is the claim of the director of the Alliance for Insurance Reform.

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Chill Insurance eyes more growth after profits jump

Privately owned insurer Chill Insurance is expecting further strong earnings growth in its current financial year, after posting a near-40% jump in pre-tax profits for last year.

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Minister suggests Irish people 'too quick to sue' over accidents because of high awards

The Minister with responsibility for insurance, Michael D'Arcy, has suggested Irish people are too quick to sue over accidents.

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One in eight say they suspect they know someone driving without insurance

A poll of over 2,500 drivers found Irish drivers are deeply frustrated by insurance fraud and want better enforcement measures to tackle it.

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Judges asked to review guidelines for injury claims

Justice Minister Charlie Flanagan has asked judges to review guidelines for minor personal injury claims amid efforts to drive down the cost of insurance premiums.

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Interim body to cap compensation claims

Justice Minister Charlie Flanagan is set to ask Chief Justice Frank Clarke to establish a temporary judicial body to set caps for insurance claims in a bid to help reduce costly premiums motorists have to pay.

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Play centres will be 'obsolete' here in a year because of bogus insurance claims, says businesswoman

A businesswoman who is spearheading a group for insurance reform has warned that play centres in Ireland will all be closed in 12 months because of fraudulent and exaggerated claims.

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Fraudulent insurance claims 'the scourge' of the legal profession, former Law Society President says

Minister of State Michael D’Arcy says that funding of a Garda Insurance Fraud Unit by the insurance industry “won’t be happening.”

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AXA to move staff to Ireland as result of Brexit

Insurance company AXA are planning on moving their staff to Ireland from France and Britain following Brexit

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‘Suspicious insurance cases’ to be contested in court

The insurance industry has called for greater measures to tackle fraudulent compensation claims — with one company claiming it will be contesting some 500 “suspicious cases” awaiting trial dates in the courts.

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Time to act: Tackling insurance fraud

There is hardly a Christmas pantomime that demands a suspension of belief in the way that some imaginative litigants seeking compensation for injuries through the courts do.

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Two thirds insured on 'wrong' health insurance plan, says study

New research has found that two in three people with health insurance are potentially on the wrong plan.

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'Claimants could be left out of pocket' after Qudos collapse, warns McGrath

Fianna Fáil’s finance spokesperson Michael McGrath says that priority has to be given to ensuring that Irish claimants are paid by Danish insurer Qudos which went into liquidation recently.

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50,000 customers without insurance cover after Qudos files for liquidation

The chief executive of Insurance Ireland is advising the 50,000 Irish customers of Danish insurer Qudos to contact their broker to avail of alternative cover.

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Suspect claims withdrawn in face of garda investigation

A number of suspected fraudulent insurance claims have been withdrawn before going to court after a crackdown by gardaí.

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Two-thirds of insurance claims withdrawn when followed up by gardaí

Two-thirds of people who were informed by Gardaí that their insurance claim was being investigated for being potentially fraudulent ended up withdrawing it.

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Michael D’Arcy: Award amounts driving premiums up

The minister tasked with reforming the insurance industry has defended his work to date amid angry Oireachtas exchanges — and said premiums are high because of the amounts awarded in compensation.

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Insurance payouts driving up premiums, minister says

The level of insurance payouts is driving up the costs of premiums in Ireland, according to a junior minister who has defended his work on reducing costs to consumers.

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Roadside insurance checks - Loophole closed

Big Brother advances relentlessly; the idea of personal privacy becomes ever more tenuous. Civil libertarians may sometimes regard this never-ending evolution with justified concern but technology more often than not serves the common good.

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Fianna Fáil bill aims to crack down on false insurance claims

A Fianna Fáil bill proposes to make false insurance claims a criminal offence.

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Fitness wearables could form part of Irish life insurance

Irish insurers may examine the use of fitness trackers and wearable devices to determine insurance policies in the future, an industry body has said.

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Firm fined €500 after bars fell off and hit woman

A construction company has pleaded guilty to not having one of its drivers properly insured in a case where iron bars in a trailer struck and seriously injured a pedestrian.

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Lahinch Community Playground’s insurance rises 1,400%

One of the country’s busiest playgrounds is facing closure as a result of crippling insurance premiums which rose by 1,400% in just eight years.

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Bogus insurance claims: Compo culture and scams escaping punishment in the courts system

There is no practical way of prosecuting somebody for insurance fraud in this country, say experts as they urge the creation of a dedicated Garda unit There is an oddly polite language used in court around the issue of personal injury fraud.

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More than 50% think whiplash payouts are too high

A new AA survey of over 5,000 motorists has found that just over a quarter think that awards need to be lowered.

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EU Irish car insurance probe eyes closure

An EU probe into alleged anti-competitive practices in the Irish car insurance market is expected to conclude by the end of the year.

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Making cents: Insurance top-up may follow mortgage changes

Despite the fact that the economy has now largely recovered, tens of thousands of Irish mortgage-holders still owe more than they would have originally hoped by this time.

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Aviva launches €680 million shares buy-back

Insurance giant Aviva has announced a €682 million shares buy-back as part of efforts to deploy €2.3 billion of excess capital.

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Motorist's shock at €15,000 rise in insurance cover ... to over €19,000

A Co Meath motorist has been driven to despair after his annual motor insurance renewal quote climbed to a whopping €19,000.

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Irish car owners 'leaving money on the table' by not shopping around for insurance

An AA survey of over 4,000 car owners found less than 6 in 10 motorists check for better prices.

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Rural businesses on the point of collapse due to spiralling insurance costs - Fianna Fáil

Many rural businesses are on the point of collapse due to spiralling insurance costs according to Fianna Fáil TD.

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1 in 3 travel insurance claims made by Irish customers before trip begins

It has been revealed that almost 1 in 3 travel insurance claims made by Irish customers are lodged before their holiday has actually started.

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