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20/10/2021

Government continually fails to reform insurance industry, says Local Election candidate

Josie Daly had to shut her own business in Carlow because of astronomical insurance costs

Carlow Carlow Carlow

Fianna Fáil Local Election candidate in the Muinebeag Electoral Area, Josie Daly, has said the continued failure of Government to reform the insurance industry is harming businesses.

Ms Daly, who had to shut her own business in Carlow because of astronomical insurance costs, said that there are many other businesses facing closure.

She said: "It is very hard to know that over a month after my situation and that of many others across the country were highlighted in the Oireachtas and in the national media, the Government have yet to adequately address the rising insurance costs.

"Day after day, businesses such as play centres, marts and other leisure facilities are going to the wall. Schools, hotels and nightclubs, charities and sports clubs are all reporting significant increases in insurance premiums.

"No business can cope with increases that are up to tenfold.

"We need a far more aggressive strategy to tackle insurance fraud and exaggerated claims. It is clear that this is a major driver in the cost of all types of insurance in this country.

"It is not fair on the law-abiding individuals and businesses to incur the cost of a few people who are taking advantage of the current system.

"I don’t want to see any other Carlow businesses go the same way. This issue needs to be treated with the priority which it deserves," she added. 

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