Festivals, marts, creches, play centres, outdoor parks, and other small businesses around the country are closing down due to exaggerated insurance claims and corresponding insurance costs.
One of the biggest adventure playgrounds in the country had to remove two trampolines from its grounds after its insurance was hiked by €25,000 ........ just for the two trampolines alone. And that's after no claims on those trampolines in the last 15 years. 61 play centres have been threatened with closure this year alone. (From the Irish Independent piece this morning: They're going to close down the country).
Looking at the problem, we have judges awarding ludicrous, non-justifiable awards to claimants; many of whom are serial claimants.
We have an inept Government minister Michael D'Arcy, who for the last 2 years have repeatedly told us ad nauseum on various television programs that he is making great progress in targeting insurance costs.
We have an obvious insurance cartel in this country, who are exacerbating the problem so much that the EU had to send in a team to investigate their practices. Unfortunately, the Insurance cartel know that this formal antitrust investigation will take years to complete, and will gleefully money grab from us while they still allowed to do so.
And then we have the fraudsters, which without a shadow of a doubt, make up the vast majority of claimants in this country.
Case in point (From the examiner this morning): A study has found 100% of Irish whiplash patients attending a spine specialist pursued lawsuits — but the visits almost always stopped once the legal action was settled. Only 3% continued with follow-up treatment when litigation ended. That fact alone speaks volumes.
Since the government is like a deer in the headlights tackling this issue and just watching businesses closing down (and people losing jobs) around the country due to insurance costs, and since Judges will not change their "ways" of awarding payouts that are multiples greater than other parts of Europe, let's have a referendum to drive down these compensation pay-outs.
It is obvious that the current government and solicitor firms do not want this problem solved, so let the people decide .............. in a referendum.