Fianna Fáil TD for Cavan-Monaghan Brendan Smith has again raised the concerns of many in business and communities across Cavan-Monaghan who cannot keep up with rising insurance costs.
Deputy Brendan Smith commented “Insurance premiums continue to rise far in excess of what is fair or justified. These rising costs are a huge burden on customers, business, charities, and sports clubs.
“It is very important that the recommendations of the working group, formed to tackle rising insurance costs, are implemented immediately. So far it appears little has been done in this regard.
“The establishment of a national claims database is just one step we can take. The legislation for this database was enacted some time ago, yet it languishes in the Department. In addition to the database the establishment of a dedicated Garda insurance fraud unit is one action which is often brought up by businesses and communities as an essential measure.
“The Department must do more to prevent rising insurance costs. There are options on the table but little has been done to date while premiums rise. The Minister ought to take this matter seriously and step up efforts for communities across Cavan-Monaghan,” concluded Deputy Brendan Smith.