Courts report shows there are no excuses for high premiums from insurance companies – Pearse Doherty TD
Sinn Féin Finance spokesperson Pearse Doherty TD has said information released today in the Courts Service Annual Report completely undermines the excuses for high premiums from insurance companies.
The reports shows a decrease in the number of personal injury claims and a decrease in the value of compensation awards despite claims to the contrary from insurance companies.
Speaking today Teachta Doherty said;
“We learned last week at the Oireachtas Finance Committee meeting with insurance companies that the claims of hugely increased fraudulent claims are completely bogus and today we have learned that, not only are personal injury claims down, but the value of compensation awards is also down by 20%.
“This completely undermines the excuses for high premiums from insurance companies and it is high time that the excuses stopped. We need to see the return of affordable premiums from insurance companies.”