Insurance
New levy will push up insurance costs for motorists and businesses
Central Bank’s new regulations will allow it to recoup some of the money used for running the National Claims Information Database from insurers, who will pass the levy on to customers
Motorists and business owners face insurance increases next year as the financial regulator prepares to introduce a new industry-wide levy, the Business Post can reveal.
The Central Bank of Ireland (CBI) is finalising new regulations which will allow it to recoup from insurers the costs it incurs in gathering data on the industry.
This, in turn, is likely to be passed onto consumers through the form of another levy on their policies at a time ...
