Car insurers won't be prosecuted despite five-year probe

The CCCP said the refusal “calls into question the organisational attitude towards compliance”.

An opposition TD has described as “deeply disappointing” the fact that no legal action has been taken by the competition regulator against the insurance industry after a five-year investigation.

The Competition and Consumer Protection Commission (CCPC) said it had secured “legally binding commitments” from six insurers - AIG Europe, AXA Insurance, Allianz, Aviva Insurance, FBD, and AA Ireland - to agree to independent oversight of competition compliance programmes.