Thursday August 6, 2020

Officials say efforts to reform public liability insurance have failed

Payouts in Ireland are almost four and a half times higher than in England and Wales, ministerial briefing shows

26th July, 2020
The previous government’s working group on insurance had succeeded in improving some segments of the insurance sector, but not all

Government efforts to reform the market for public liability insurance for at-risk sectors have largely failed, officials have conceded.

Minister for Finance Paschal Donohoe was told by his officials, in a brief prepared following his reappointment to the role, that the previous government’s working group on insurance had succeeded in improving some segments of the insurance sector, but not all.

“While undoubtedly there has been some improvement in the motor insurance market arising...

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