Watchdog seeks to cut insurance costs

IRISH households could save up to €150 every year after plans to shake up home and motor insurance were published yesterday.

Watchdog seeks to cut insurance costs
Wed, 09 Mar, 2005 - 00:00
David Clerkin

The State competition watchdog said Irish insurance costs were too high and recommended new measures to force insurance companies to become more customer-friendly and make it easier to shop around for a better deal.

Competition Authority chairman John Fingleton said that competition in the insurance market was “at best sluggish”.

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CourtsPerson: John FingletonPerson: FingletonOrganisation: IrishOrganisation: State competition watchdogOrganisation: Competition AuthorityOrganisation: Irish Financial Services Regulatory AuthorityOrganisation: IFSRA
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