Competition authorities raid main motor insurance providers

The state's competition watchdog has been probing alleged price fixing in the sector

4th July, 2017
Motor insurance premiums have spiralled in recent years Pic: Getty

EU competition authorities have raided a number of insurance companies, brokers and representative bodies for the industry as part of an investigation into alleged price fixing in the sector.

The CCPC, which initiated a probe into the insurance industry at the end of last year, declined to comment on this morning's raids. They were welcomed by Sinn Féin's spokesperson on finance, Pearse Doherty, although he said they had come "late in the day".

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