ISME featured in the media
KCLR FM, 12/09/19
ISME Roadshow hits Carlow County today
Brexit’s on the agenda when the ISME roadshow hits Tullow this morning.
Insurance reform in the media
Minister of State D’Arcy meets London market insurers about the Irish insurance market
As part of his ongoing engagement with relevant stakeholders as Chair of the Cost of Insurance Working Group, Minister of State for Financial Services and Insurance, Michael D’Arcy TD, yesterday travelled to London with officials from his Department to meet with Lloyds of London representative groups and insurance underwriters, to outline to them the key reforms taking place in the Irish insurance market with a view to promoting to them that Ireland continues to be a place to write insurance business.
‘We keep our local graveyard closed’ – How the insurance crisis is hitting Ireland’s communities
Almost half of community groups say they have had to cut activities due to insurance costs. The impact of the “insurance crisis” on Ireland’s community sector has been laid bare in new research which found that almost half of the voluntary groups surveyed have been forced to curtail their activities.
The Independent, 11/09/19
Community groups face mass closure as insurance crisis deepens
Community groups have warned many of them will be forced to close down because of the insurance crisis. A survey of voluntary and community bodies shows that 83pc of them have seen premium costs shoot up in the last three years.
The Independent, 11/09/19
‘We had to cut back on salaries and staff because of soaring insurance costs’ – horse-riding centre
A horse-riding centre for disadvantaged children and those with special needs is under threat due to soaring insurance premiums. The Fettercairn Youth Horse Project is a community-based equine facility in the heart of Tallaght with a 20-stable facility and outdoor arena.
The Irish Times, 11/09/19
Insurance costs: Almost half of communtiy groups ‘at risk of closure’
Over 80% of respondents said their premiums has risen over the past three years. Almost half of community and volunteer groups say they are facing closure and have had to reduce the number of activities they are involved in as a result of rising insurance premiums, a survey has found.
The Irish Times, 11/09/19
‘The insurance quote was €14,500 per year just for a climbing wall’
Spiralling insurance costs threaten the viability of Skerries Community Care. Sharon Guinane has worked for Skerries Community Centre for more than a decade, but over the last few years she feels the centre has become less engaged with the local population.
RTE News, 11/09/19
Community group services hit by rising insurance costs
Nearly half of community and voluntary groups around the country have had to reduce the number and range of activities they can run as a result of rising insurance costs, a new survey suggests. A similar proportion say their group is at risk of having to shut down completely if the price of insurance continues to rise, the research by the Public Participation Networks (PPNs) has found.
The Times, 11/09/19
Volunteer groups fear closure over spiralling insurance costs
Almost half of volunteer groups may have to close if insurance costs keep going up, according to a report. The survey revealed that 83 per cent of Irish community groups have been hit with an increase in the past three years and 47 per cent said they would have to close if the cost of cover continues to rise.
Read here (Paywall)
The Independent, 13/09/19
Longford Center Parcs is hit with 50pc higher insurance premium than resorts in UK
Public liability insurance for Center Parcs Longford Forest is 50pc more expensive here than for the UK resorts, as Irish-based businesses continued to be hammered on premiums. A spokesperson for the new €233m holiday destination confirmed to the Irish Independent that insurance for the midlands attraction costs vastly more than in its five other outlets.
The Independent, 14/09/19
Levy on insurance company profits would be a ‘mistake’, claims minister in U-turn
The minister responsible for insurance reform has slapped down a proposal to introduce a levy on company profits in this year’s Budget. Junior Finance Minister Michael D’Arcy said a levy would be “counterproductive” and “a mistake” as it wouldn’t entice underwriters to re-enter the Irish market.
Our insurance increased tenfold in two years – the government has no regard for business like us
Sky-high premiums are casuing major damage to Ireland’s reputation. Can I start by thanking Maria Bailey and Leo Varadkar for all they have done for the debate on insurance? Thank you, Maria, for shining a light on insurance with your dropped personal injury claim against The Dean hotel earlier this year.
THIS WEEK’S ARTICLES FROM THE IRN
Manager prepared cleaner’s resignation letter before meeting
A former supervisor of a contract cleaning company has been awarded €14,000 for constructive dismissal, when she resigned – after being given an ultimatum – over criticism of the work of those working under her.
Dismissal of accountant was ‘tainted’ by procedural defects
The dismissal of an accounts administrator by a small construction products manufacturer has been ruled unfair, due to serious issues surrounding the process.
Car parts manager resigned hastily, WRC claim fails
A former branch manager of a car parts dealer has lost his action for constructive dismissal, because he did not give the employer an opportunity to address his concerns before resigning and failed to invoke internal grievance procedures.