Legislation has been proposed which could protect Clare homeowners whose insurance is said to be “doubling” due to the presence of defective concrete blocks.
Sinn Féin has tabled the Judicial Council Amendment Bill which would require insurance companies to report to the Central Bank on how they’re passing savings on to customers.
The Central Bank’s Motor Insurance Report shows that while guidelines introduced three years ago have cut the cost of claims for insurers by up to 31%, premiums for public and employer liability went up by 8% in 2022.
Clare Pyrite Action Group Chair and East Clare Sinn Féin Local Election candidate Dr Martina Cleary believes intervention is needed so people aren’t punished for circumstances outside of their control.
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