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Insurance policies to be hit with 2% levy for next seven years

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    #2
    ayux4rj6zql2ph
    Closed Accounts Posts: 3,001 ✭✭✭ayux4rj6zql2ph


    This post has been deleted.


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    #3
    jim salter
    Registered Users Posts: 680 ✭✭✭jim salter


    Prisoner 6753 wrote: »
    This post has been deleted.

    Ammm, that is part of my point:confused:

    Same as the USC.

    Not only that we have been paying for PMPA for years


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    #4
    racso1975
    Registered Users Posts: 5,273 ✭✭✭racso1975


    So it's going to be 7% now as it was already 5 increased from 3 to cover the Quinn disaster!!!

    What's the point in paying for all these ombudsmen, which comes out of our pocket too, when these companies are allowed operate as basket cases only for us to cop up for their fuk ups


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    #5
    fritzelly
    Registered Users Posts: 17,318 ✭✭✭✭fritzelly


    Can anyone find the figures for the MIBI payouts in the past few years
    2011 they paid out 58 million - this 2% is set to bring in an extra 70 million a year

    Me and maths - hmmm


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    #6
    asteroids over berlin
    Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    yes this is a kick in the teeth, bloody cheek, corruption even. New government please! pathetic really.


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    #7
    ayux4rj6zql2ph
    Closed Accounts Posts: 3,001 ✭✭✭ayux4rj6zql2ph


    This post has been deleted.


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    #8
    Wheeliebin30
    Closed Accounts Posts: 5,593 ✭✭✭Wheeliebin30


    fritzelly wrote: »
    Can anyone find the figures for the MIBI payouts in the past few years
    2011 they paid out 58 million - this 2% is set to bring in an extra 70 million a year

    Me and maths - hmmm

    Claims have nothing to do with the increases, it’s bs from insurance companies.


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    #9
    ayux4rj6zql2ph
    Closed Accounts Posts: 3,001 ✭✭✭ayux4rj6zql2ph


    This post has been deleted.


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    #10
    Dravokivich
    Moderators, Category Moderators, Music Moderators, Politics Moderators, Society & Culture Moderators Posts: 22,360 CMod ✭✭✭✭Dravokivich


    jim salter wrote: »
    Here we go again.

    The Irish public being raped by the financial institutions : https://www.irishtimes.com/news/politics/oireachtas/insurance-policies-to-be-hit-with-2-levy-for-next-seven-years-1.3563301

    Funny thing is the apathetic Irish will just continue to pay...

    And Setanta are still trading in Europe :confused:

    What do you mean apathetic? If we intend to drive a car we have to pay for insurance.


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    #11
    fritzelly
    Registered Users Posts: 17,318 ✭✭✭✭fritzelly


    Wheeliebin30 wrote: »
    Claims have nothing to do with the increases, it’s bs from insurance companies.

    That was the point - why an increase?
    They sure as hell don't pay back all the people who lost on the insurance


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    #12
    jim salter
    Registered Users Posts: 680 ✭✭✭jim salter


    Dravokivich wrote: »
    What do you mean apathetic? If we intend to drive a car we have to pay for insurance.

    What I mean is: yet another corporate entity has folded and the cost is being put on the Irish consumer. The Irish people will simply accept and pay - again.
    Yes. Insurance is a requirement but a levy to cover the failure of a private company (again) is yet another two fingers to the Irish consumer.
    The regulator has failed, again, to perform their purpose.
    Setanta is still trading in other European countries but the people in those countries are not being levied to cover the losses of a private company.


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    #13
    Toyotafanboi
    Registered Users Posts: 12,917 ✭✭✭✭Toyotafanboi


    jim salter wrote: »
    q
    Funny thing is the apathetic Irish will just continue to pay...

    You say that as if there is a box I can tick to opt put of paying. If I want insurance I'll have to pay.


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    #14
    jim salter
    Registered Users Posts: 680 ✭✭✭jim salter


    Toyotafanboi wrote: »
    You say that as if there is a box I can tick to opt put of paying. If I want insurance I'll have to pay.

    As an individual - yes, as a collective no...

    Insurance is mandatory/compulsory however getting ripped off as a result of the regulator not doing their job and the gov't putting the burden on the consumer yet again is as a result of the Irish people bending over time and time again.

    When will we wake up and push back? Never. Why? Fear


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    #15
    sydthebeat
    Subscribers Posts: 41,134 ✭✭✭✭sydthebeat


    Insurance

    The only industry where its impossible to make a loss.....


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    #16
    Atlantic Dawn
    Registered Users Posts: 81,533 ✭✭✭✭Atlantic Dawn
    M


    The Maltese government should be sued.


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    #17
    ayux4rj6zql2ph
    Closed Accounts Posts: 3,001 ✭✭✭ayux4rj6zql2ph


    This post has been deleted.


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    #18
    Eggs For Dinner
    Registered Users Posts: 2,948 ✭✭✭Eggs For Dinner


    fritzelly wrote: »
    Can anyone find the figures for the MIBI payouts in the past few years
    2011 they paid out 58 million - this 2% is set to bring in an extra 70 million a year

    Me and maths - hmmm

    This has nothing to do with the MIBI. They do not receive any funds from the levy


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