Friday June 5, 2020

Government to insurers: slash premiums if you want injury payouts reduced

Insurers sent 760 cases of suspected fraudulent claims to Gardaí in 2018: 18 solicitors undertake to stop using compo claim harvesting websites

9th June, 2019
Folder with close up on the word claims and a note where it is written under investigation. Concept of insurance fraud, 3d Illustration

The government is pressing insurers to commit to slashing premiums if personal injury payouts are reduced, as part of a new offensive on the soaring cost of business insurance.

Michael D’Arcy, Minister of State at the Department of Finance and the Department of Public Expenditure and Reform, has special responsibility for financial services and insurance. He met with the industry representative body Insurance Ireland last week to discuss a proposal that would commit insurers to...

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