Harney releases report on Insurance

yop

The Tánaiste, Mary Harney, has published the government action plan to tackle the high cost of insurance.

The plan contains 67 recommendations and is based on a report last April by the Motor Insurance Advisory Board.

The Government hopes the recommendations will bring down the cost of insurance by 31% over three years.

The interim members of the Personal Injuries Assessment Board have also been appointed: its Chair will be Dorothea Dowling, one of the authors of the Advisory Board's report.


To me this is a cop out. We will get a decrease, maybe, over 3 years of 31%. But what has the increase been over the last 3 years easliy 30%.

My point is that as we are now at this time paying way too much insurance, so if our insurance increases by 10% a year, then by the time the 3 years are up we will still be paying way too much insurance.

Kazujo

Considering motorcycle insurance went up 45% this year 31% is nothing

kayos

Well that is a load of crap. Hell motor insurance went up by over 30% this year alone.......

kayos

Blitzkrieger

Originally posted by yop
67 recommendations

We've heard that before. As long as they're just recommendations, the insurance companies won't take any notice of them.