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#Insurance

# insurance - Friday 6 May, 2011

VHI Healthcare announces resignation of chief executive VHI

VHI Healthcare announces resignation of chief executive

The State’s largest health insurer says its chief executive, Jimmy Tolan, will quit in six months to return to the private sector.

# insurance - Thursday 28 April, 2011

Quinn insurance lost €706 million in 2009

The news of the figures come as the company is expected to be sold off to an American insurance giant and Anglo Irish Bank. The losses will also mean it will need help from the Insurance Compensation Fund.

# insurance - Thursday 21 April, 2011

Complaints to Financial Services Ombudsman hit record levels

Nearly half of all the complaints made to the office of the Financial Services Ombudsman related to insurance.

# insurance - Wednesday 20 April, 2011

Home insurers won't cover laptops, mobiles and hearing aids

Burgled householders might find themselves left in the lurch if they don’t check small print on cover of personal belongings.

# insurance - Thursday 14 April, 2011

VHI says deficit narrowed by €3.1m last year VHI

VHI says deficit narrowed by €3.1m last year

VHI has released it annual report – showing that its losses narrowed by a massive €3.16 million in 2010.

Anglo Irish ousts Sean Quinn from group he founded

Thousands of employees hear assurances that their jobs are safe – but the Quinn family will no longer have a role in the business.

# insurance - Tuesday 12 April, 2011

Insurers face €224m bill for winter weather claims

The Irish Insurance Federation says its members have paid out €765m for weather damage in just 14 months.

# insurance - Tuesday 8 March, 2011

FBD premium hikes expected after surge in weather claims

Announcing performance figures for 2010, the insurer says the level of weather claims will mean increased premiums in 2011.

# insurance - Tuesday 1 March, 2011

Take 5: Tuesday

Five things you need to know by 5 o’clock…

Era of cheaper insurance for women comes to an end

The European Court of Justice has ruled in favour of a Belgian challenge to the practice of giving young women a discount on their car insurance.

# insurance - Friday 25 February, 2011

Insurance broker Chill to create 100 jobs in Dublin

Chill Insurance will expend its business to cater for increased consumer demand – creating new jobs in the process.

# insurance - Monday 14 February, 2011

70 per cent of 2010 accidental deaths were male

Irish Life says more than two-thirds of the claims made in respect of accidental deaths in 2010 were for male deaths.

# insurance - Friday 28 January, 2011

Dublin businesses strike bargain to get 20 per cent off insurance premiums

Umbrella group for city centre traders does deal to cut cost of insurance for its 2,500 members after slow shopping year.

The 9 at 9: Friday

Nine things you need to know by 9am: More health insurance hikes, more debates about debates, but no more fanmail for Hitler’s former bodyguard…

# insurance - Tuesday 11 January, 2011

40 jobs to be created by AA Ireland

The insurer and motoring organisation will take on 40 new staff at its Dublin HQ, in its insurance and rescue divisions.

# insurance - Tuesday 12 October, 2010

Quinn administrations refuse to name takeover bidders

Quinn Insurance’s administrators say they will not publish a shortlist of interest bidders because it could effect the sale.

# insurance - Tuesday 27 July, 2010

A REPORT by the Financial Services Ombudsman says the number of complaints received by his office has increased 28% over the past year.

Bill Prasifika, the Ombudsman said 7,619 complaints were made to his office last year. 4,668 complaints were made against insurance companies while 2,951 complaints were made against financial institutions.

Over 200,000 visits were made to the Ombudsman’s office on Lincoln Place and  some 17,000 phone calls were also received.

The Ombudsman said that he estimates that ‘conservatively’ over €60m has been made good to consumers as a result of the office’s work since 2005.

Prasifika noted that because of the economic downturn, some firms are unable to pay awards made by the Ombudsman.

The Office is funded by levies on financial institutions and its running costs came to €5m last year.

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