Yet, as a damning report by the Central Bank of Ireland reveals, many insurance companies are ripping off their most loyal customers. The CCPC case involves an investigation into five insurers, an insurance broker, and an insurance industry trade association. Sharp practices have been a feature of the Irish insurance market for decades, yet most reforms of the sector have been at the behest and to the benefit of the insurance companies. It has been claimed that up to 20% of personal injury claims may be fraudulent or exaggerated. If insurance companies want fairness, they must act fairly.

Source: Irish Examiner July 22, 2021 08:03 UTC