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Insurance premiums "spiralling out of control" 18.05.17

FIANNA Fáil is to bring a motion to the Dáil this week demanding Government action on the "spiralling costs" of insurance for motorists, homeowners and businesses.
Donegal TD Charlie McConalogue said: “People contact my office every single week after having received their insurance renewal, worried about how they’ll pay the increased costs and trying to work out what their next move it. In some cases, the premiums have risen so much that people simply cannot afford them and are contemplating giving up their car or even continuing to drive without insurance. We cannot allow this situation to continue and the time for action is now."
He added: “Businesses are also being hit – and in some cases on the double. Not only is their fleet insurance increasing, other essential insurance cover such as public liability and employer liability have also risen significantly – by as much as 15%. These are costs that small businesses can simply not afford and which are impacting on competiveness.
"The Government cannot continue to be allowed to dodge the issue. The reality of the situation is that premiums are no longer affordable – and families are struggling to meet payments for an essential service," he said.
Deputy McConalogue said the action points, outlined in a report by the Cost of Insurance Working Group in January, "must be implemented without delay".
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