Ian Guider: Insurers are not the only culprits for sky-high costs
If the state is serious about bringing down the cost of business, and of insurance premiums, it must push for the antiquated, opaque and grossly uncompetitive legal sector to reform
In Britain’s New Year’s honours awards the name of Irishman John Fingleton appeared, as he was granted an OBE for his services to economics and innovation.
The Laois man previously ran Britain’s Office of Fair Trading, a consumer watchdog tasked with ensuring companies didn’t rip off individuals or engage in cartel-like behaviour.
Fingleton was headhunted to the role from the Competition Authority where he gained a reputation...
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Data on insurers’ payout deductions won’t be published this year
Government has come under renewed pressure to recoup millions of euro deducted by insurance firms from Covid-19 compensation
Fleming to examine if British insurers’ pledge can be replicated in Ireland
Junior minister has contacted UK counterpart to learn if commitment given by insurers not to strip value of pandemic-related state supports from awards can be applied here
Insurers asked to repay state money they deducted from awards to pandemic-hit firms
Junior minister ‘hopes’ insurers give the money back but admitted the government has no means of enforcing that request