I want to know if insurers are not ‘playing fair’ on storm payouts – junior minister A junior minister has said he wants to hear about incidents where insurers are not “playing fair” with claims relating to Storm Eowyn.
“Motor premiums, insurance premiums for the large part have remained stable or have reduced marginally, that’s not good enough and that’s one of the reasons why I was meeting Insurance Ireland in the last week and why I’ll be meeting each of the insurance companies over the coming weeks.”.
Minister of State at the Department of Finance Robert Troy said he expects over 20,000 claims to be placed with insurance companies relating to Storm Eowyn, worth an estimated 200 million euro.
Asked about whether home insurance premiums would increase to cover the millions of euro in damage caused by Storm Eowyn, Mr Troy said he “would sympathise and partly agree” with that view.
“If insurance companies are not playing fair with their customers well I’d like to hear about it because that’s the reason why I met with Insurance Ireland last week, to ensure that they are playing fair with people.”.
