Sinn Féin’s Doherty accuses insurers of exaggerating level of claims

Axa, Allianz and FBD are called before finance committee to give assurances over cutting cover if court awards are reduced

7th July, 2019
Pearse Doherty, Sinn Féin TD and finance spokesman for the party Pic: Collins

Insurers have been accused of exaggerating the level of fraudulent insurance claims by almost 20 percentage points to justify higher premiums.

Insurance companies were last week called before the Oireachtas finance committee to give assurances that the cost of cover would be cut if the level of court awards was reduced through measures being introduced by the government.

It emerged that Axa, Allianz and FBD Insurance – the three insurers before the committee – made higher...

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