Saturday February 22, 2020

Sale of Quinn Insurance to hit consumers

Consumers may end up paying higher insurance bills as the government prepares to use a compensation fund to plug any deficit that arises as part of a deal to break up Quinn Insurance.

1st January, 2011
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Consumers may end up paying higher insurance bills as the government prepares to use a compensation fund to plug any deficit that arises as part of a deal to break up Quinn Insurance.

The sum involved is believed to be several hundred million euro.

The use of the Insurance Compensation Fund, which was previously used after the collapse of PMPA in 1983, has emerged as a key part of the sale of the insurer, which...

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