Flanagan says insurers are ‘profiteering’

Flanagan says insurers are ‘profiteering’
Charlie Flanagan: the Minister for Justice is concerned about a lack of competition in the insurance industry Picture: Fergal Phillips

The Minister for Justice admits the insurance industry’s practices warrant investigation, but the judicial council needed to bring in new award guidelines will not be set up this year

The Minister for Justice Charlie Flanagan has launched a broadside against insurers, accusing the industry of “massive profiteering” at the expense of businesses and communities.

He is calling for immediate action from insurance companies making “handsome profits” to reduce exorbitant and inconsistent premiums in the sector to ensure costs are not a barrier to business.

In an interview with The Sunday Business Post, Flanagan said he believes there is scope to further investigate the industry’s...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post