Reform of insurance industry is coming - but slowly
Three major probes are taking place into the industry, while a Judicial Council will come into being next year that will establish personal injury claim guidelines for all
Reform, by its nature, is often incremental and always much slower than those pushing hardest for it can tolerate. When it is needed in a sector as important, broken and multi-faceted as the Irish insurance industry, it’s likely to be even more tedious than usual — and so it has proven.
In last week’s budget, additional funding was allocated to the Department of Justice and the Garda Síochána by Paschal Donohoe. It has ...