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”