Insurance Industry
Dail Éireann — 2021-06-15
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Rose Conway-Walsh (SF), Mayo

I can give the Minister an example of why the insurance companies are completely ignoring both him and the Minister of State. A business local to Belmullet has seen its insurance premium go from €1,233 in 2020 to in excess of €4,000 in 2021. This is a small business with a small turnover. Those kinds of extortionate increases would be crippling at the best of times but to try to find that kind of money after seeing such long periods of closure is impossible for many. Insurance companies have not yet paid the business disruption claims and they are punishing customers for even making a claim. We could potentially see a position where a business might see major hikes in premiums for making a claim that may or may not be successful. Even if the claim is successful, the business should not be punished for making a claim. This is the reality and it must be addressed.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2021-06-15/debate/main
Retrieved: 2026-08-14T04:49:23+00:00
Sitting date: 2021-06-15