News | Latest Breaking News Stories & Headlines

Recruiter who went "full combat mode" after being urged to train up on interpersonal skills loses case

Recruiter loses constructive dismissal case

A recruiter who "went into full combat mode" after being told he could do with training on his communication style has failed in a claim for constructive dismissal against jobs website Indeed.com

Business • 07 Mar

The median award value overall was €11,650

Injury claims made via injuries board rose 10% last year

The number of personal injury claims made to the Injuries Resolution Board last year rose 10%.

Business • 04 Oct 24

Aviva Insurance Ireland said today that it paid out €223m in claims last year, a 10% increase on 2021

Aviva paid €223m in general insurance claims in 2022

Aviva Insurance Ireland said today that it paid out €223m in claims to its general insurance customers and third-party claimants in 2022, an increase of just over 10% on the previous year.

Business • 28 Apr 23

Vhi said its membership last year increased to 1,131,900 from 1,128,000 in 2019

Vhi reports higher revenues and membership for 2020

Vhi has reported a net surplus - after tax - of €52.7m for its consolidated business activities for 2020, up from €45.1m in 2019.

Business • 30 Jun 21

Most of the Covid-19 claims came from lines such as business interruption and travel, Aviva said today

Aviva estimates £160m in Covid-19 claims

Insurer Aviva has today posted a sharp rise in first-quarter new sales in its life business, boosted by bulk annuities, but estimated it would see £160m in claims related to the coronavirus pandemic.

Business • 21 May 20

Insurance Ireland said the insurers recognise that reductions in the amount of road use means the level of claims being submitted will be lower due to Covid-19

Most motor insurers agree to refunds amid virus crisis

A number of insurers here have agreed to discount premiums or give refunds to motor customers in recognition of an expected reduction in the volume of claims during the Covid-19 emergency.

Business • 24 Apr 20

The cost of motor insurance claims increased by 64% between 2009 and 2018, new Central Bank research shows

Motor premiums rise 42% despite cost of claims falling

Average motor insurance premiums here rose 42% here between 2009 and 2018, despite a decrease of 2.5% in the average cost of claims per policy over the same period, new data has revealed.

Business • 16 Dec 19

Fiona Muldoon, FBD Group Chief Executive, warned that litigation claims costs continue to rise

FBD Holdings doubles profits in first half of 2019

FBD Holdings recorded a pre-tax profit of €39m in the first six months of 2019, up from €18.4m in 2018, the group's half year results show.

Business • 01 Aug 19

The Central Bank investigation into RSA Insurance Ireland found 'serious shortcomings'

Central Bank fines RSA Insurance Ireland €3.5m

The Central Bank has fined RSA Insurance Ireland DAC €3.5m for regulatory breaches relating to large loss claims and accounting irregularities from 2009 to October 2013.

Business • 20 Dec 18

Central Bank publishes the outcome of its inspection of five motor insurance providers

Insurance firms 'fair' on claims - Central Bank

New research from the Central Bank shows that 74% of motor insurance claimants said the claims process is carried out "fairly" by the insurance company.

Business • 28 Feb 17

More than 51,000 closed personal injury claims were examined for the research

Injuries board disputes reason for insurance hikes

The State's injuries board has disputed claims by the motor insurance industry that escalating motor accident compensation awards are adding to the costs of policies.

Business • 05 Oct 16

The largest number of claims was in Dublin, which accounted for 42% of all uninsured or untraced driver claims

Uninsured, untraced driver claims rise 17% - MIBI

Between January and July the number of motor claims involving uninsured or untraced drivers shot up by 17%, according to new figures from the Motor Insurers' Bureau of Ireland.

Business • 29 Aug 16

Lowcostholidays customers have until 19 September to make claims to the Commission, which can be submitted online at www.aviationreg.ie

Over 3,000 claims since Lowcostholidays collapse

More than 3,000 booking refund claims have been made by customers of travel provider Lowcostholidays since its collapse last month, according to the Commission for Aviation Regulation.

Business • 22 Aug 16

Insurance company FBD Holdings 'on track for recovery'

FBD says industry continues to be loss making

Insurance group FBD Holdings has said that - as expected - insurance rates have continued to increase into 2016.

Business • 29 Apr 16

FBD Holdings predicts that the insurance industry will continue to be loss making for 2015 and 2016

Insurance industry to be loss making in 2015 - FBD

FBD Holdings has said it has seen a 9.2% decline in policy volumes in the year to date, which has been offset by a 9.1% rise in average rates.

Business • 16 Nov 15

Central Bank publishes its Private Motor Insurance Statistics for the years 2006 to 2013

Motor insurance report shows rising claim costs

New figures on motor insurance from the Central Bank show that average premiums declined sharply by 47% and 48% for comprehensive and third party, fire and theft cover respectively during the years 2006 to 2013.

Business • 23 Oct 15

€128m was paid out in claims between January and June of this year

Increase in new insurance claims this year

The Injuries Board has said there has been a 7% increase in new insurance claims for the first six months of the year.

News • 09 Sep 15

Storm damage-related claims from February last year alone cost FBD €15.2m

FBD Holdings' shares slump as it posts 2014 loss

Shares in insurer FBD Holdings slumped in Dublin trade after it said that 2014 was the worst year for weather-related claims in its history.

Business • 03 Mar 15

National Treasury Management Agency publishes end of year review

NTMA to work on ISIF investment strategy

The National Treasury Management Agency has said its priority for early this year is to finalise an investment strategy to underpin the Ireland Strategic Investment Fund's mandate.

Business • 08 Jan 15

FBD Holdings ups estimate of the cost of flood and other weather related claims

FBD cuts its forecasts for full year earnings

FBD Holdings has increased its estimate of the cost of claims resulting from flooding and other weather related damage from last winter by €4m to €44m.

Business • 20 Jun 14

Setanta Insurance had begun to wind up its Irish business in January

75,000 drivers at risk as insurance firm collapses

Up to 75,000 van and car drivers are being advised by the Central Bank to purchase a new motor insurance policy immediately following the collapse of Setanta Insurance.

Business • 17 Apr 14

US jobless claims had been expected to increase slightly

US jobless claims see unexpected fall

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a hopeful sign for the country’s labour market recovery.

Business • 05 Dec 13

FBD Insurance says profit after tax for year to September was in line with expectations

FBD reaffirms full year earnings guidance

Insurer FBD has reaffirmed its guidance of full year operating earnings per share in the range of 145 to 155 cent.

Business • 19 Nov 13

RSA is reviewing the reserves it uses to pay motor claims here

RSA reviewing reserves it uses to pay claims here

One of Ireland's largest insurance companies has said it will have to set aside more money to meet motor insurance claims in a move which will hit its financial performance.

Business • 06 Nov 13

The Central Bank undertook the review due to the recent increase in flood-related claims

Insurance firms warned over flood-related claims

Insurance companies have been told to review their policies relating to water damage claims following an inspection by the Central Bank.

Business • 24 Oct 13

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