‘Rising insurance costs an all-island issue’ – Newry MLA

SDLP MLA for Newry and Armagh Justin McNulty has said increasing home, car and business insurances is an issue affecting every community on the island of Ireland and an all-island approach must be adopted to help relieve pressures on policyholders.

McNulty was speaking at an event organised by Fianna Fáil TD Niamh Smyth. 

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McNulty said, “Homeowners, motorists, businesses and farmers are all feeling the cost of rising insurance costs in every part of this island.

“The way the insurance industry operates now means that border crime, Brexit and fraudulent claims are all having an impact on the ordinary policy holder and costs are continuing to rise. 

“We need to see action taken by government north and south to regulate the problem, to help stamp out fraudulent claims but also to ensure that the rest of us all don’t pay the cost for the dishonesty of others,” he insisted.

“Businesses and homeowners alike are seeing the rise in the cost of doing business or keeping a home and one of the major complaints is the sudden rise in insurance premiums over recent years.

“This cannot be justified and must be tackled at source adopting a joined up approach across the island,” the local MLA added.

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Posted by NewryTimes News on Nov 28 2019. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry