Insuarance, because... it happens 0818 92 92 42

Insurance News

Posted in Insurance, News on Dec 16, 2019

Insurance News: Referendum on the cards if Fine Gael reforms fail

The Taoiseach Leo Varadkar has discussed the prospect of holding a referendum to cap insurance payouts.

According to the Irish Independent, Mr Varadkar raised the possibility at a recent Fine Gael parliamentary party meeting, although such a referendum would only happen as a last resort if the government’s insurance reforms do not work.

A number of TDs spoke out on the issue at the meeting on Wednesday night.

Criticising those who take out unjustified personal injury claims, Kate O’Connell TD said “life is a contact sport” and that sometimes people fall over and hurt themselves and it’s nobody else’s fault. Ms O’Connell said that the laws are being “pushed to the limits” by some lawyers and medical professionals who are advising people on making claims.

Two thirds of all compensation claims are more than €25,000, she added, which is around the average industrial wage after tax.

Meanwhile, Sinn Féin’s Consumer Insurance Contracts Bill has passed through all stages of the Seanad.

The legislation, which was proposed by the party’s finance spokesman Pearse Doherty, will reform insurance contracts in an attempt to increase transparency.

If you have any queries about your insurance policy or the new legislation, give us a call today on 064 66 34632.

What our clients think

You are a fab team! Could not have been a better outcome.

R & A Holtkott, Killorglin, Co. Kerry

I must say that I found dealing with your company to be a breath of fresh air, you have been most helpful and competitive with your quote!

T Shanahan, Killarney

Latest News

Number of road deaths up 4% in 2019

More people died on Irish roads in 2019 than in 2018, the Road Safety Authority has revealed.

T...

Visit Our Blog

Sign Up For Our Newsletter

Find out about our latest news, best deals and upcoming events!