Dáil debates

Thursday, 4 July 2024

Ceisteanna Eile - Other Questions

Insurance Industry

11:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This is an issue I have raised numerous times. It is about insurance costs. The insurance industry continues to rip-off motorists and small businesses with high prices. Since 2020 the insurance industry has recorded sky-high profits while paying out dividends to their shareholders. For years the insurance industry called for reforms to reduce the cost of claims. This is what it got through the personal injury guidelines. In three years we still have not seen costs being reduced to the level the industry promised. In recent months we have seen costs increase.

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