Insurance costs - Government must curb compo-culture

IRELAND'S compo-culture continues to bleed the economy judging by today's report that more than 1,000 jobs have been lost this year as a result of soaring insurance costs.

Amid warnings that up to 60,000 jobs are at risk, it is an issue that demands urgent government attention.

Dire predictions have come from one of the country’s most successful entrepreneurs who is now considering expanding his business interests abroad rather than in Ireland. Members of the legal profession bear much blame for this scenario, especially those who engage in engaging in ambulance chasing, encouraging clients to pursue insurance cases on a no-foal no-fee basis. Allegedly, in one instance, a solicitor bribed a client to take a case, so confident was he of winning. Such behaviour is intolerable.