Insurance firms ‘must drop prices by 10%’

ALL INSURANCE companies should reduce their premiums by 10% immediately, Oireachtas Enterprise and Small Business Committee chairman Donie Cassidy insisted yesterday.

Speaking at Fianna Fail’s annual parliamentary meeting in Sligo, Mr Cassidy said he had received assurances from the Taoiseach that the insurance issue would be given top priority in the forthcoming Dáil term.

“What we are looking for in the autumn session is for the Government to bring forward legislation and have it passed or substantially completed for the spring session.