Thursday, 14 January 2016
Motor Insurance Coverage
The people I mentioned who are being penalised by the insurance companies will not take much solace from the Minister of State's response. Does he agree that the Minister for Finance should haul in the insurance companies and raise these issues with them directly, as has been done, albeit belatedly, in the case of flooding?Instead of waiting for a review that will take up to one year to complete while the companies will be allowed to make exorbitant profits on the backs of people who are hard pressed to pay their other bills, should the Minister for Finance not haul in these companies to advise them that it is not acceptable to penalise people with older cars and those on lower incomes just because their profits need to be bigger than they are? They should either change their practices or the Minister should use whatever measures, limited as they are, the Minister of State says he has to take them to task. If they will not regulate themselves and not play ball, the Government should show them that it will force them to be fair to all citizens who need to drive to work or attend courses or get through their daily lives.