Chain of Stem academies in Munster closes after 12-fold insurance hike

Premium of €30,000 requested despite Covid restrictions compromising the East Cork business

The STEM academies across Cork and Waterford have been forced to close due to exorbitant insurance costs.

A Cork teacher and entrepreneur who opened seven STEM academies across Cork and Waterford has been forced to close his doors following a 12-fold increase in his insurance premium.

Maurice Healy, from Youghal, says he could not afford a quote of more than €30,000 regardless of Covid restrictions also compromising business.