EC Ruling On Insurance Ireland "Highly Significant"

Monday, 21 June 2021 11:32

The commission has, in a preliminary finding, ruled II breached competition rules.

The European Commissions preliminary judgement that Insurance Ireland broke competition rules is being described as "highly significant".

The commission has found that a breach of competition rules by restriction of competition in the motor insurance market

The finding could lead to multi-million euro fines.

Independent.ie reports that the judgement "comes after a two-year long investigation after claims were made about cartel-like activities by Irish insurers were keeping competition out of the market."

Sinn Fein's Finanance Spokesperson, Pearse Doherty, has been speaking to Kildare Today.

He says the issue centres on use of and access to a database.

Deputy Doherty joined Clem Ryan on Monday's edition of the programme, where they also discussed Garda statements that drinking alcohol in temporary outdoor seating areas isn't allowed if restaurants and pubs don't have a licence and the expected appointment of a new DUP leader.

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