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Hopes new insurance claim bill to reduce premiums facing local businesses

Aug 3, 2022 18:08 By Shannonside News
Hopes new insurance claim bill to reduce premiums facing local businesses Hopes new insurance claim bill to reduce premiums facing local businesses
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The bill was introduced into the Dáil by local TD and Minister, Robert Troy.

A new bill aimed at providing a low cost, efficient way to deal with legitimate insurance claims in a timely and a cost effective manner has been introduced by a local Minister and TD

The Minister of State at the Department of Enterprise, Trade and Employment and Longford/Westmeath TD Robert Troy says the bill will be presented in the Dáil in the autumn

Minister Troy hopes the bill will be enacted before the end of the year and the positive effects will be apparent soon after.

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As part of the bill the role of the Personal Injuries Assessment Board will be enhanced and would be offering a mediation service for the first time.

The new legislation has been welcomed by the Alliance for Insurance Reform, who have campaigned against the high cost of insurance premiums facing business and community organisations.

The Fianna Fail Minister says the bill is one step in addressing issues in the insurance sector:

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So we've introduced the personal injury guidelines.

We've enacted the competition amendment bill which gives enhanced powers to the ccpc to penalize people who might be engaged in price fixing.

We've established the office to promote greater competition in the market.

We have established the enactment of the perjury bill which makes it an offence to lie in court.

And we've established the insurance fraud co-ordination office.

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