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Public liability premiums up 15-20% over three years


Business Editor
Public liability insurance premiums have increased by 15-20% on average over the past three years, new research by the Competition and Consumer Protection Commission (CCPC) has found.
Their market study also found that the reasons for the increases were not always clear and 70% of respondents said they did not think that the price rises were fair or justified.
The report also established that availability issues are primarily impacting certain sectors, such as community and sports groups.
A lack of independent public data as well as an absence of open access to claims history information may be acting as barriers to market entry and creating problems for policy makers trying to improve it, it also discovered. ....

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