Irish Examiner view: Insurance industry must be fair if it wants fairness

A damning report by the Central Bank of Ireland reveals, many insurance companies are ripping off their most loyal customer

The Central Bank report reveals that long-term customers pay, on average, 14% more on private car insurance.

There is an old legal maxim that states: “He who comes to equity must come with clean hands.” In other words, anyone seeking justice in the form of equitable relief must act in good faith. 

The insurance industry in Ireland has been banging that drum for a long time, insisting that claimants act honestly and do not exaggerate any injury or loss.