Seanad debates

Wednesday, 5 November 2003

Insurance Industry Reform: Motion.

 

Fine Gael also calls on the Irish Financial Services Regulatory Authority to publish regular surveys on the premiums charged by different insurers to ensure consumers are properly informed and to encourage competition. To date no comprehensive name and shame data has been published and customers are still being forced to shop around, as the Tánaiste recommended. There should, as well, be an onus on insurers who refuse to offer cover to explain in writing why they are doing so, which is currently not the case. This is one prime area for equality legislation. The whole equality issue has gone full circle and in my view young males under 30 in particular are the current victims of discrimination in motor insurance.

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