Irish Times, 08/06/19
A ‘compo culture’ and business costs
The IMF reported in 2016 that the burden of non-life insurance cost in Ireland was 2.4 times greater than the EU average in GDP terms (ie three times bigger in national income terms). The Irish pay through the nose. Full stop.
Government accused of ‘blatant abdication’ on awards cap reform
BUSINESS lobby group ISME has accused the Government of “blatant abdication” of its responsibilities to reform personal injuries award levels.
Irish Examiner, 11/06/19
FG vote warning
In March, the Department of Finance made headlines when it announced “steady progress” was being made in implementing a range recommendations for tackling the country’s endemic compo culture – Four months on, ISME is the latest trade body to wonder if the ministry’s understanding …
Insurance reform in the media
Insurance is swallowing huge chunk of charities’ expenditure
Businesses and charities alike have seen their insurance premiums shoot up by 200% over the last five years, a survey from the Alliance for Insurance Reform lobby group shows.
The Irish Times, 14/06/19
Fifty cases of suspected insurance fraud reported so far in 2019
Fifty cases of suspected insurance fraud have been reported to the gardaí in the past eight months, the Minister of State at the Department of Finance and Public Expenditure Michael D’arcy has said.
THIS WEEK’S ARTICLES FROM THE IRN:
Construction ‘travel time’ likened to 12% pay hike in Labour Court report
In rejecting a union claim for ‘travel time’ for 65,000 craft and operative workers in the construction industry, the Labour Court noted that it would amount to a 12% pay increase.
No ‘Storm Emma’ payment for M&S workers in Cork
A claim by 13 Marks & Spencer employees, who were seeking payment for a shift during Storm Emma of 2018, has failed at the Labour Court, which stressed the importance of a “consistent approach to all staff.”
New regulations on survivors’ DB pensions
New regulations have been enacted providing that survivors of defined benefit (DB) pension scheme members are to receive information on any benefits to which they are entitled.