Sinn Féin TD, Pauline Tully has said that the insurance industry is continuing to rip off consumers and pocket savings brought about by recent reforms.
The Cavan/Monaghan TD was commenting as 95% of the 1,390 respondents to a survey on motor insurance, conducted by Sinn Féin Finance spokesperson Pearse Doherty, stated that their premium had increased in the past 12 months, while 98% of respondents said they had made no claim against their policy in the same period.
Deputy Tully said it was time to end the insurance rip-off, and that her party’s legislation, the Judicial Council (Amendment) Bill, would hold the industry to account and apply downward pressure on insurance premiums
She said for years, the industry made bogus assertions that fraudulent claims were driving up insurance costs. Information received by Pearse Doherty was that the number of fraudulent claims that insurance companies were reporting to the Gardaí was a small fraction of the 20 percent of all claims that they had previously claimed to be fraudulent. Deputy Tully says motorists are being fleeced and this needs to stop.
