The Central Bank says the fund will deal with the risks of insurance companies failing
There are fears a proposed new insurance levy will lead to a rise in premium prices.
The Central Bank and Department of Finance are looking to fund an insurance rescue fund.
However, the move has angered campaigners who fear the cost will be passed on to consumers.
Peter Boland from the Alliance for Insurance Reform says customers have yet to see the benefits of other reforms being implemented in the sector
Plans for the fund to deal with the risks of insurance companies failing, have been labelled 'premature and unnecessary'.
Peter Boland doesn't believe any such a fund is required.
Anger at ‘sneaky’ new insurance levy that could place a further toll on policy-holders https://t.co/MxAQsMmL9Y
— Charlie Weston (@CWeston_Indo) September 22, 2021
:

Worst Prison Overcrowding In History Of State, According To Prison Officers Association
Over 12,000 Defects Remain On New National Children's Hospital project.
Minister Martin Heydon Speaks As Fuel Scheme Announced
Sallins Man Part Of Intercepted Global Sumud Flotilla
One In Seven Households Unable To Afford Adequate Home Heating
Fifth Arrest Made In Connection With Fatal Edenderry Fire
Two People, Including A Teenage Boy, Arrested After Gun Incident In Ballymun
Man Charged With Fatal Assault Of Woman In Waterford