Insurance companies continue to 'fleece' consumers - ClarkeThe insurance industry is continuing to rip off consumers and pocket savings brought about by recent reforms. That's according to Deputy Sorca Clarke, who was commenting after the findings of a recent insurance industry survey conducted by Sinn Féin finance spokesperson Pearse Doherty were published by the party. “Sinn Féin then led a campaign to ban the unfair and discriminatory practice where insurance companies were artificially hiking the premiums of renewing customers. “This is unacceptable, particularly at a time when motor insurance profits reached their highest level in more than a decade – reaching €159 million in 2022 alone. “It is time to progress this bill, protect consumers, and pressure the insurance industry to do the right thing and cut prices.”

Source: Irish Independent July 23, 2024 03:20 UTC