INSURANCE company FBD has been accused of ripping off its customers after it said it expects to report a doubling of profits. The company, which only domestic insurer, said it expects to report profits before tax of €100m for last year. FBD has a strong presence in the farming community and has a large market share in rural areas. FBD reported profits of €50m in 2018, the same in 2017, and €11m in 2016. Asked if it was ripping off its customers, an FBD spokesman said the firm had no comment.

Source: Irish Independent February 06, 2020 14:15 UTC