Search Results for 'insurance premiums'

Fianna Fáil TD for Roscommon/Galway, Deputy Eugene Murphy, has warned that many businesses, sporting clubs, festivals and community events are on the brink due to crippling insurance costs and every tool must be used to try to bring down insurance premiums.

Insurance premiums remain the number one financial concern for Irish motorists according to the latest Motoring Report from car buying experts Carzone. Fuel was the second biggest concern, followed by motor tax.

The latest figures from the leading stolen vehicle recovery provider, Tracker, act as a stark winter warning to motorists. In the last year more vehicles were stolen with keys in the autumn and winter months compared to spring and summer. On average nearly a third (32 per cent) were stolen with keys during the darker months, compared to 24 per cent for the rest of the year.

Fianna Fáil Spokesperson on Finance, Robert Troy, says figures released by the Central Bank last Friday morning (July 21) contradict assertions by the insurance industry that spiralling motor insurance premiums can be put down to the increasing cost and frequency of claims.

The Construction Industry Federation (CIF) has warned that spiralling insurance premiums are adding to construction costs.

Fianna Fáil TD, Robert Troy, says the insurance premiums being applied to business, home, public, and motor insurance customers are now unsustainable and called for urgent government action to tackle the problem.

Deputy Peter Burke (FG) has welcomed the publication of the Report on the Cost of Motor Insurance by Minister for Finance, Michael Noonan and Minister of State for Financial Services, Eoghan Murphy.

The Irish Small and Medium Enterprises Association (ISME) has called for a full investigation of the insurance industry, similar to the Motor Insurance Advisory Board (MIAB) process in 2002, when the industry was in crisis.

Fianna Fáil has brought forward a Dáil motion this week which aims to drive down the cost of motor insurance. Over the past two years motorists have seen their premiums rise by a massive 60 per cent — placing a huge burden on family budgets.