Saturday 24 June 2017

We need a dedicated minister to control insurance industry. Time to call Dorothea

Ivan Yates

Ivan Yates

The benefit of having a long-serving parliamentarian as Taoiseach (Enda Kenny celebrated 40 years as a TD last week) is to draw on experience when identical problems of past administrations, such as spiralling insurance premiums, recur.

Since January 2014, motor insurance costs have escalated by 34.9pc, with prospects of a further 15pc hike.

Motor insurance, unlike other non-life products, isn't optional - 2.6 million vehicles must have insurance cover or it's a criminal offence.

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