Friday September 25, 2020

Donohoe flags up potential pitfalls of state-backed insurance scheme

Minister for Finance says the state may be no better at managing risks than private insurers

5th July, 2020
Minister for Finance Paschal Donohoe has cautioned against state involvement in the insurance sector. Picture: PA

Minister for Finance Paschal Donohoe has again cautioned against state involvement in the insurance sector, warning that it could reduce competition and do nothing to tackle premiums.

The prospect of the state providing insurance has been raised on numerous occasions in recent months, notably when childcare providers were struggling to get cover at the end of last year and on a broader basis in the wake of the Covid-19 pandemic.

Donohoe said he would be...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Central Bank says impact of overcharging led to the loss of 66 properties, 11 of which were family homes

Business Post | 1 day ago

Two US hedge funds have scooped up 1.2 per cent of the bank’s shares at a value of €22 million

Barry J Whyte | 3 days ago

Forgoing cash-back gimmicks to concentrate on competitively priced loans, the new contender aims to make serious inroads into the mortgage market

Ian Guider | 5 days ago