An Ennis insurer is expressing concern about the government’s willpower to enact new legislation to tackle spiraling insurance costs.
It comes as Insurance Ireland has expressed concern about what they’ve labelled a ‘lack of urgency’ in reforming the industry to reduce costs for customers.
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As things stand, settlement costs here are up to four times higher than in the UK and it’s been two years since a report into the industry gave a series of recommendations aimed at tackling the discrepancy.
CEO of MunsterGroup Insurance Padraic McNicholas has been explaining the impact of the delays to Clare FM’s James Mulhall:
