A Clare insurance broker says Government intervention is the only way to stabilise the insurance market in this country.
It follows reports of an impending thirty per cent increase in the insurance market in the coming year.
- Advertisement -
The Manager of Munster Group in Ennis believes the excessive cost of claims, particularly in the motor industry has led to smaller companies dropping out of the market.
Padraic McNicholas insists there still is competitiveness in the market but says there has already been a fifteen per cent increase in premiums so far this year
