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gov.ie - Ministers Donohoe & Fleming welcome publication of Central Bank's Differential Pricing Review Final Report

gov.ie - Ministers Donohoe & Fleming welcome publication of Central Bank's Differential Pricing Review Final Report
gov.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.ie Daily Mail and Mail on Sunday newspapers.

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Adverse changes, federalism imperilled

There needs to be a federal coalition to preserve the idea of a plural India, in terms of culture and politics ....

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Deputy Doherty's Insurance Bill comes before Dail - Highland Radio - Latest Donegal News and Sport

Donegal Deputy Pearse Doherty has brought legislation before the Dail, which if passed, would ban dual pricing within the Irish insurance industry.
A recent Central Bank report revealed that the majority of insurance companies are using dual pricing, resulting in customers being charged 35% more with around 70% of customers renewing policies with the same provider being charged significantly more than new customers of the same risk.
The Insurance (Restriction on Differential Pricing and Profiling) Bill 2021 will now move to the second stage.
Deputy Doherty told the Dail that there needs to be an end to discrimination in the insurance market: ....

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Laois-Offaly TD wants laws to stamp out insurance rip-offs

Laois-Offaly TD wants laws to stamp out insurance rip-offs
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Sinn Féin has published legislation to ban dual pricing from the insurance market and empower the Central Bank, courts and Financial Ombudsman to enforce new laws.
Local TD Brian Stanley said, “Sinn Féin has long called for a ban on this practice. Last year we submitted 130 pages of complaints to the Central Bank and demanded that they investigate dual pricing, which they have now done. This found that the majority of customers are paying significantly more than the expected cost of their policy, with some overcharged up to 35%. ....

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Legislation published that would ban insurance dual pricing

It also found that loyalty could be costing the typical home insurance customer €161 a year.
Now Sinn Féin finance spokesman Pearse Doherty has published a private members’ bill to prohibit the practice of dual pricing in the insurance market.
This comes 14 months after Mr Doherty submitted a complaint to the Central Bank requesting that it investigate and ban the practice.
Mr Doherty will be bringing the legislation before the Dáil, which he said will reduce insurance prices and increase fair competition in the market.
This legislation will ban dual pricing in the home and motor insurance markets.
It will require insurers to inform consumers of the rating factors used to calculate their premium. ....

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