John Brady (Wicklow, Sinn Fein) | Oireachtas source

Yesterday, the Alliance for Insurance Reform published a report revealing that insurance renewal costs have increased by 15% on average. In Wicklow, a local business, Squirrel's Scramble Tree Adventure Park, was recently forced into making a very difficult decision to close down following a 280% insurance hike. Its insurance went from €26,000 to €88,000. Clearly, further reform is required in the insurance sector, with particular focus on the duty of care to ensure an appropriate balance in responsibilities between parties. The Government must ensure that changes to duty of care legislation are prioritised to help save businesses that are crippled by insurance companies. In March, a progress report from the Government on the insurance reform plan stated that priorities for the following three months would include reform of the duty of care. Seven months later, there is absolutely nothing.

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