An Ennis insurer is calling on the government to declare where the monies collected in insurance levies has been spent, as the cost of policies looks set to rise again.
A third levy is being applied on motor insurance policies in Ireland, despite people already facing high premiums.
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It’s to fund compensation for those who lost out in the collapse of Setanta Insurance in 2014 and brings the total levy on policies to 7 percent, which equates to €50 on a €750 policy.
CEO of MunsterGroup Insurance Padraic McNicholas has been explaining this latest price hike to Clare FM’s James Mulhall:
