The Insurance Thread

Was thinking the same- did it years ago,but suppose it’s tightened up now?

https://www.independent.ie/irish-news/the-situation-has-claimed-the-livelihoods-of-many-wellknown-bar-closes-over-hikes-in-insurance-38350484.html?Dfs%3Fs The nightlife industry has been dealt another blow following the closure of a well-known bar in Co Wexford due to spiralling insurance costs.

Owners of the popular Mooneys on the Quay blasted how insurance has made the “entertainment industry practically unsustainable”.
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News of the late night venue closing down was met with sadness by punters, with many taking to social media to share fond memories from over the years.

In a statement criticising the Government dragging its heels on insurance reform, Mooneys said it is getting to the stage where you “will have to travel to New York to find a traditional Irish pub” as the bar scene continues to be decimated by hikes in insurance premiums.

"There is hardly anyone in Wexford that hasn’t frequented Mooneys at some stage in their life, so it is with a sad and heavy heart that, due to circumstances completely beyond our control, we have been forced to close the doors on our historic venue for the last time.

"There are no signs of the ‘powers that be’ bringing the insurance industry under control anytime soon. Couple this with highly exorbitant rates and the situation has unfortunately claimed the livelihoods of many Wexford people over the over the past number of years.

"In the not too distant future, this country will lament the culture that has made us world famous. The most recent changes to drinking legislation should not have proceeded without some form of transportation like an Uber taxi-style system for regions where there is no meaningful public transport system.”

The Vintners Federation of Ireland (VFI) – a trade organisation for pubs outside the greater Dublin area – said a recent survey showed 77pc of publicans with no claims in five years have been hit with premium increases of 40pc.

VFI CEO Padraig Cribben says members are experiencing dramatic increases that are unsustainable.

“The reluctance of insurance companies to properly and fully defend cases and a willingness of the legal profession to take on spurious cases and to substantially reward themselves for doing so is part of the problem.

“The system is loaded against business owners to such an extent that many good businesses are going under due to the pressure.”

Figures released last year showed there were 1,477 fewer pubs in Ireland than there were in 2005 – a rate of two closures every week.

A former nightclub owner in Co Tipperary told how he had to close down his business because he couldn’t afford the insurance costs after a string of compensation claims by customers. The 58-year-old, who owned a club that had been in his family for 120 years, shut the club down in the summer of 2016 as it was costing him €35,000 to insure the premises each year.

And then you have Maria Bailey.
If she is not or cannot be charged with a criminal offence, there is no moral hazard in claiming for anything, however spurious.

well this fuckin reeks…

no medical reports done?

Solr bringing it must be a charlatan

@Copper_pipe what is this ghost broker scam about?

Stolen Credit Cards were used to initiate the policies with the various insurance companies. The customer was issued with a disk but when it was copped that the policy was paid for with a stolen card it would have been declared void.

Aviva have 1500 affected policies

Were they buying insurance in supermarket car parks or something?

Simples.

Mè: hey @Fagan_ODowd. Do you want some insurance?
You: Ok
Me: Cash me up so. Here s your insurance details.
You: so I’m good to go and fully insured?
Me: Ah yeah, sure why not.

Insurance companies: Everyone look over there!

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It was foreigners targeting other foreigners who would be unfamiliar with the Irish insurance industry. They mentioned Russians on the radio this morning.

They would guide them through the process in their own language and for a bargain price which would obviously seem appealing to people who were new in the country and possibly shocked by insurance prices.

Supposedly a lot of Eastern Europeans in Ireland get far cheaper car insurance by taking out insurance in their home countries on a Europe-wide basis or something. A taxi driver told me this, great people.

Taxi drivers are no different to you and me pal.

The legal fees are half the problem surely

Pearse has been doing all the heavy lifting on this topic for months… Leo the spoofer is now looking for the optics

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Leo has a lot more backbenchers from a legal background to contend with before this goes anywhere.

I see @artfoley solicitors got some lad a few quid in Galway there while Limerick’s Peter Casey had his case dismissed

I wonder is that the current Galway managers firm suing supermacs?

Different crowd. He works for the NaP sponsors.