Spiralling insurance costs may not be tackled for years

Spiralling insurance costs may not be tackled for years

Competition and Consumer Protection Commission will not complete public liability study until late 2020

Businesses could be waiting years for the cost of their insurance to fall, with the state’s consumer watchdog warning that a new probe into the sector will not be completed until late 2020 at the earliest.

The Competition and Consumer Protection Commission (CCPC) last week launched a probe into how the insurance market operates amid concerns around spiralling premiums.

The probe was initiated on foot of a request from business minister Heather Humphreys. She described...

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