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O’ROURKE BACKS CALL FOR INCREASE IN STATE PENSION

Frank O’Rourke TD has backed calls for a supplementary budget to be introduced to increase the state pension following the conclusion of the first phase of the Brexit negotiations.

Frank commented, “The pension increase deferred in the budget due to concerns about Brexit should now be introduced. I have spoken with our party spokesperson on Social Affairs, Willie O’Dea TD, who has renewed the call for an increase in the state pension following the conclusion of the first phase of the Brexit negotiations.”

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O’ROURKE SAYS TIME TO TACKLE INSURANCE COSTS

Frank O’Rourke TD has said that this year must be the year we finally deal with the cost of insurance in Ireland

Recent years have seen unsustainable increases in the cost of insurance.

“Since getting elected, I have persistently raised the high cost of insurance, not just in relation to motor insurance, but also in relation to the cost of insurance for businesses, community and sport organisations.”

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O’ROURKE CALLS ON INSURANCE INDUSTRY TO CUT PREMIUMS

Frank O’Rourke TD has called on the insurance industry to immediately respond to the latest Central Bank report and reduce their premiums.

“Insurers must immediately cut their motor premiums. The central bank shows that premiums are up 40% since 2009, payouts are down and insurance company profits are up. Average premiums were just over €700, some €265 more than in 2009. Over the same period the cost of claims per policy fell by 2.5pc.” Continue reading “O’ROURKE CALLS ON INSURANCE INDUSTRY TO CUT PREMIUMS”

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O’ROURKE URGES GOVERNMENT KEEP FOCUS ON REDUCING INSURANCE COST

Frank O’Rourke TD has again called on the Government to focus on reducing the cost of insurance and implement the recommendations of the Cost of Insurance Working Group

Frank commented, “Rising costs of insurance for businesses leads to rising costs for everyone as these costs are invariable transferred to the consumer which increases the costs of living.”

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O’ROURKE WELCOMES NEW RULES ON MOTOR INSURANCE

Frank O’Rourke TD has welcomed the Central Bank rules requiring insurers to give customers more information when renewing their policies which come into effect today

However Frank said more needs to be done to reduce the cost of insurance.

“Insurance companies will now have to provide details such as the premium paid the previous year with an upfront comparison. They will have will also have to provide the cost of different levels of cover, a comprehensive quote, a third party fire and theft quote, and one for third party only cover.”

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