Kevin Thompson

43 results

Margrethe Vestager’s  team are clearly convinced there’s a case to be answered. Photograph: Dara Mac Dónaill

European competition commissioner Margrethe Vestager, best known in these parts for presiding over a decision in 2016 that Apple received €13 billion (...)

Michael D’Arcy, Minister of State for Finance: “The era of insurance companies saying ‘this is the way it is’, that’s not going to continue.” Photograph: Dara Mac Dónaill / The Irish Times

Legislation will be passed to force insurance companies to change the way they treat customers, Minister of State for Finance, Michael D’Arcy, has de(...)

FBD chief executive Fiona Muldoon said the cost of insurance claims remained too high in Ireland.  Photograph: iStock

Irish insurers recorded a combined €31.1 million profit on motor coverage in 2017, after racking up €757 million of losses over the previous four year(...)

Central Bank of Ireland deputy governor Ed Sibley has warned about the impact of a no-deal Brexit on the insurance sector. Photograph: Nick Bradshaw

Irish consumers may struggle to secure wedding, pet or gadget insurance in the event of the UK crashing out of the EU with no deal. Central Bank of (...)

A new report revealed the average compensation award for whiplash injuries is approximately 4.4 times higher than in Britain. Photograph: iStock

The recommendations contained in the Government’s Personal Injuries Commission second and final report will provide greater consistency in award level(...)

More than eight in 10 chief executives of Irish insurance firms were confident about business growth, PwC said. Photograph: iStock

Insurers in Ireland do not have adequate data to price cybersecurity insurance, despite it becoming “as prevalent as all other insurance” products, Pw(...)

Athy businesswoman Marcella O’Reilly: says a doubling of her rates bill was “just a kick in the teeth”. Photo: Laura Hutton

Marcella O’Reilly was angry. The owner of a ladies’ clothing shop in Kildare, she opened her rates bill one day in early 2017 to find they had doubled(...)

Restaurants have seen insurance premium increases of 45 per cent, a level the Restaurant Association of Ireland deems “unsustainable”. Photograph: Getty Images

Irish businesses have begun looking outside the State for more affordable insurance premiums as the spiralling price of cover becomes an increasingly (...)

Costs per claim by motor third-party injury claimants are much higher here than in the UK, a new study has found.

The cost of motor third-party injury claims below €250,000 increased by 42 per cent between 2011 and 2016, mainly as a result of claims for whiplash, (...)

The Cost of Insurance Working Group found the cost of insurance rose 57 per cent between January 2011 and July 2016. File photograph: Getty Images

There is “substantial merit” in capping damages arising out of personal injury claims, a review of the cost of insurance for businesses has concluded.(...)

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