Minister meets insurers in London to 'hopefully' entice them to 'rethink' position in Irish market

Paschal Donohoe said Michael D'Arcy was heading to London for the insurers talks Image: Leah Farrell/Rollingnews.ie Paschal Donohoe said Michael D'Arcy was heading to London for the insurers talks Image: Leah Farrell/Rollingnews.

The government set up the Cost of Insurance Working Group in July 2016 to try to develop proposals that would bring down the price for consumers. Insurance Ireland replied it would be “difficult to persuade insurers to expand their risk appetite”. The government said that its hands were tied with limited options to offer relief to such companies affected.

Related Reads 11.09.19 'We keep our local graveyard closed' - How the insurance crisis is hitting Ireland's communities 10.09.19 The UK and Canada are cutting the cost of processing claims - why can't Ireland? 09.09.19 'We're being fed this lie': Exposing the myths of Ireland's 'compo culture'

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