May 14, 2024
‘Action needed to cut crippling insurance costs’ – Boylan

Sinn Féin MLA Cathal Boylan has said action is needed to reduce the crippling cost of insurance for families, workers and businesses. 

Speaking after the Assembly today endorsed a Sinn Féin motion calling for an investigation into recent insurance hikes and a reduction in the rate of Insurance Premium Tax, Cathal Boylan said:

“I welcome the Assembly’s endorsement of Sinn Féin’s call for action on soaring insurance costs which are causing huge difficulties for many workers, families and small businesses. 

“Motorists and householders have seen huge hikes in their premiums despite not having made a claim.

“Meanwhile, the insurance industry has generated huge profits prompting many to ask what are the regulating authorities doing to rein this in and give ordinary people a break.

“The Financial Conduct Authority, the Prudential Regulation Authority, and the Competition and Markets Authority all have a duty to monitor and regulate the insurance industry, investigate any allegations of unfair practices, and to ensure consumers receive a fair price.

“We are therefore calling on these bodies to fulfil their statutory duties to hold the insurance industry to account and investigate the recent increases in insurance premiums.

“We are also calling on the British government to reduce the rate of Insurance Premium Tax which puts an additional financial burden on workers, families, and small businesses.”

Follow us online

Latest Tweets

Gardaí must be given all necessary support to end scenes of intimidation at Malahide Road – Pa Daly TD

"This is a community under attack from people determined to spread fear and hate. The community wants the mindless violence to stop immediately."

There are serious questions to be answered about the use of Shannon Airport. We're talking about potential complicity in Israeli genocide.

The time has come to impose sanctions on Israel's regime, which has been responsible for the deaths of up to 185,000 people @Farrell_Mairead

Cllr. Mícheál Mac Donncha condemns ‘deplorable’ violent criminal acts on Malahide Road

"This is an effort to spread fear and hate in our communities and the vast majority of decent people want nothing to do with it."

The next time a ball is kicked for the European Championship, it could be at Casement Park!

This is our time to shine on the global stage. Let’s make it happen!

#Euro2028

Load More