Over 70% of employers and public liability injury claims settle through litigation
Award levels proved – on average – to be no higher than cases resolved through the State’s Injuries Resolution Board, according to Central Bank data
insurance
Former RSA Ireland CEO Philip Smith barred from senior financial role for 13 years but avoids fine
Case centred around insurer not setting aside enough money to cover large claims a dozen years ago, which artificially inflated profits
Jewellery insurance: Having something insured for €20,000 doesn’t mean that’s what you’ll get back
Read the small print where insurers can reserve right to source replacement ring or offer only the cost price not the insured value
Insurance and legal bills skyrocket in review of Wilson’s Hospital School finances
Growing costs come amid High Court dispute with teacher Enoch Burke
How to have a financially savvy new year
Small steps that everyone can take could add up to substantial savings in the new year
Numbers paying for private health insurance climb despite price hikes
Over 75% of queries to Health Insurance Authority in third quarter related to comparing plans, reflecting strong interest in switching
State needs to spend €50bn on climate action up to 2050, warns Central Bank
‘We are no longer on a trajectory towards the very worst-case scenarios once feared’
Buying a home? Here’s how to save on the hidden €10,000 bill
Stamp duty, insurance and valuation fees can all come as a shock to buyers who have already maxed out budgets
Insurance policy updates more likely to protect insurers than consumers, say brokers
Consumers advised not to rush through policy updates when home renewals arise after Zurich row
Zurich letter wrongly told customer they were not insured for flood damage
Insurer says it has not changed level of cover, but concedes error would have led to confusion
Insurtech accelerator backed by insurance giants picks first 10 startups
Among those selected is a company developing a ‘Sunshine Guarantee’ for solar panel installations
Chicken breasts that were €5 now cost over €12: Ireland’s soaring prices since 2021
In advance of Budget 2026, Conor Pope calculates how prices have climbed since 2021
Insuring your children against a future inheritance tax bill
A Section 72 policy can pay off any inheritance tax bill but it must be taken out by the person leaving the assets, not by the potential beneficiary
Central Bank to drop Insurance Compensation Fund Levy to 1% from January
Central Bank’s deputy governor urged insurance companies to pass on the savings to customers
Insurer Zurich moves to limit exposure to flood claims
Company which is third largest insurer of property in State changes definition of a flood and the nature of loss or damage it will cover
Rising sea levels, more storm surges and shifting weather patterns put properties at risk
Parts of Dublin, Clare, Limerick and Louth exposed to ‘rising sea levels and more frequent storm surges’
Insurers in Ireland worried about likely impact of climate change on future claims
Companies also concerned about the cost of doing business in Ireland and meeting European regulations, industry report finds
Ireland unprepared for another Storm Éowyn as season of extreme weather looms
Climate Change Advisory Council urges immediate actions to prepare for extreme weather events as storm season looms
What’s driving up the cost of car insurance in Ireland?
There are steps to take to reduce your premium even as new tech increases prices
First-time buyers ‘could save up to €10,000 on mortgage protection by shopping around’
Many rush to take out policy with their lender, unaware they are free to seek better-value cover elsewhere
State terror charges against Luigi Mangione over killing of insurance chief dismissed
Second-degree murder charges against 27-year-old over shooting of UnitedHealthcare’s Brian Thompson are retained
Allianz pitches new pension offering at risk-averse investors
Consumers will be able to insure against losses in their pension fund on a product designed to tap into stock market gains
Don’t skimp on house insurance
Underinsurance is a growing issue for homeowners in Ireland and the consequences can be devastating
Nine out of 10 Irish commercial properties are underinsured, chartered surveyor claims
Underinsurance means many companies could face financial ruin if they ever need to claim on their policies
Creeslough case a wake-up call for apartment owners across Ireland
Creeslough insurance payout is heading for the High Court as apartment and building owners dispute how it should be split
Insurance reform ‘needed to stop legal bills driving up cost of compensation claims’, industry says
Nation must wean itself off litigation and bring awards in line with Europe, says insurance lobby group
Fewer than half of Irish companies automatically back up data, survey shows
Most businesses think they are adequately protected despite low adherence to basic security measures
AI needed to help Ireland’s infrastructure withstand climate disasters – Deloitte
Global report finds AI tools can boost resilience of ageing infrastructure and mitigate flood and storm damage
Gallivan Financial acquires two firms as it aims to become €1bn wealth management adviser
Kerry firm buys Dublin’s Mount Street Group and Tralee-based Kelly O’Shea Pensions and Financial Services
Skerries football club faces closure over insurance dispute
The club claims structural defects are down to subsidence, however, their insurer says it is because of mica
The cost of living in Ireland is nuts. Even nuttier are the reasons supposed to explain it
If you’re not bamboozled by the rising cost of insurance as claims fall, you must be an actuary
Buying a home after surviving cancer: ‘No matter how much paperwork I gave, it never sufficed for mortgage protection’
Programme for Government aims to require mortgage protection companies to disregard cancer diagnoses seven years after treatment, although doctors give ‘all-clear’ after five years
Seized criminal assets to be disposed of more quickly under new measures
Under new Bill, assets seized by Criminal Assets Bureau can be disposed of after two years instead of five
Consumers will feel impact of insurance claims cost rises most acutely
Motor insurance damages claims have jumped by 179 per cent when compared to the 2015–2019
Motor insurance claim costs up 25% in past year, Central Bank finds
Damages claims up 179% on 2015-2019 average, while inflation driving overall increase
More than 30 Irish jobs to be lost as Swiss insurer pulls out of Ireland
La Mobilière founded Dublin-based insurtech Companjon in 2020 with the aim of opening a new line of business
Isme says 17% rise in personal injury payout is ‘capitulation to vested interests’
Minister for Justice Jim O’Callaghan is due to bring proposal to Cabinet next week to legislate for higher payouts
SuperValu expands into pet cover in bid to be ‘one-stop shop’ for insurance
Company eyes ‘70 per cent gap in pet owners that don’t have insurance’
Irish businesses show ‘disconnect between perception and reality’ on cybersecurity
More than 90% believe they are adequately protected, yet most do not regularly update their software, research finds
Minister to bring memo to Cabinet on plan to raise personal injury awards by almost 17%
Planned blanket hike of 16.7% has been met with resistance from insurers and business lobby groups
How to save money on your home insurance
You need to shop around, and the best deal isn’t always the cheapest
Cost of motor insurance rises at four times rate of inflation, says CSO
Average premium now above €600 after prices rise nearly 10%
Oireachtas should slam down gavel on judges’ planned 16.7% injury awards hike
Planned blanket hike will likely be passed directly onto consumers and companies
Letters to the Editor, May 29th: On climate targets, religious education and marriage names
we continue to protect and encourage our biggest offenders, why?
Is going to court worth it for personal injuries claimants? A lawyer and insurer go head to head on the issue
Representatives of the insurance industry and the legal profession debate whether litigation offers a better outcome for the public than using the Injuries Resolution Board
Kota raises $14.5m in funding to grow business
Company aims to simplify health and pension benefits for global businesses and employees
Insurers should ‘show their sums’ to customers to explain premium prices, says Green Party
Party wants insurers to display key factors used in calculating quotations including any weightings that might be attached to the customer’s location, their claims history and their job
Can you afford to get sick in Ireland?
Beyond five days’ of statutory sick pay a year, your employer is not obliged to keep paying you if you fall ill
Aviva Ireland reinsurance deal with parent depresses profit at Irish business
Irish unit of Aviva ceded €70m of net underwriting profit to its UK owner last year
Axa Ireland holds off on paying dividends to French parent
Hiatus is first in five years and follows acquisition of Laya Healthcare and subsequent building up of capacity to start underwriting health insurance
Landmark case means e-bike users involved in collisions may be held liable for injuries
Acceptance that e-bike is a ‘mechanically powered vehicle’ has insurance implications
Insurer RSA Ireland to be renamed Intact Insurance by the end of this year
Irish insurer was acquired as part of the wider group by Canadian entity Intact Financial Corporation in 2021
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
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Weddings, Births, Deaths and other family notices