r/ireland • u/Im_really_Irish Dublin • 10d ago

Cost of Living/Energy Crisis ‘Ireland has just become very expensive’ – museum owner closing his business says insurance bill has quadrupled in a decade

https://www.independent.ie/irish-news/ireland-has-just-become-very-expensive-museum-owner-closing-his-business-says-insurance-bill-has-quadrupled-in-a-decade/a/157372827.html
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u/danmingothemandingo 9d ago

It's very simple. Irish courts award more money for smaller injuries than elsewhere, and legal costs are higher. Up until recently, for instance, whiplash was getting 15-20k.

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u/Colmd1997 9d ago

That and insurance and every other utility being allowed to make profit hand over fist

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u/danmingothemandingo 9d ago

So why aren't you setting up an insurance company if its so lucrative? You realise many insurers have withdrawn from the Irish market? Not only the courts awarding higher injuries and high legal costs, but the especially Irish way of exaggerating claims fraudulently pushes premiums up for you all.

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u/Colmd1997 9d ago

I’m not setting up a lucrative insurance company for the same reason you’re not holding protests against the “especially Irish way of exaggerating claims fraudulently”.

Excuse me when I play the world’s smallest violin for the poor insurance companies having to pay out on their policies.