Meeting told that businesses are under threat from high insurance costs
A public meeting in the Amber Springs Hotel in Gorey heard that exorbitant insurance costs are hitting sectors as diverse as motorsport, children's play centres, grocery stores and road hauliers.
People from all over the county and as far away as Galway and Navan attended. Many outlined how the cost of insurance has sky-rocketed in recent years to an extent that is threatening the future of businesses and voluntary groups.
Peter Boland of the Alliance for Insurance Reform which hosted the event, reported that of the 48 'actions' heralded in Minister of State at the Department of Finance, Michael D'Arcy's latest Cost of Insurance Working Group update, eight are reviews, eight are consultations and six are reports.
'We are getting plenty of reports but no real action', he said, calling for reform. 'Otherwise he will be presiding over a situation where many small businesses, charities, voluntary groups and festivals won't be around by the time the promised reform happens.'
Minister D'Arcy was invited but did not attend the meeting which was chaired by Verona Murphy of Drumur Transport in New Ross and the Irish Road Haulage Association. It was agreed to contact him to convey the frustration of those in attendance at the pace of insurance reform.