Fintan Warfield (Sinn Fein)
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Professor Lane was quite stern in telling insurance companies not to chase dividends and riskier investments. We know that a lack of return on investments is a major factor in driving up prices so Professor Lane's remarks could be interpreted as telling insurers that price increases were the only option. Does the Central Bank regard the huge increases in insurance premiums as necessary corrections? Is the Central Bank telling us that a 70% increase over two years across the board is an increase it is happy simply to let pass?