The Alliance for Insurance Reform says that spiralling insurance costs, driven by high financial awards on claims, are crippling small businesses and forcing many to close. The body, along with ISME, which represents small and medium-sized business, will be before the Oireachtas Finance Committee later to discuss the issue. Director of the Alliance for Insurance Reform Peter Boland says government inaction is compounding the insurance cost problem. "We are absolutely dismayed at the pace of progress which the Government is making on insurance reform. "At this stage, there has been umpteen reports.

Source: Irish Examiner April 04, 2019 06:33 UTC