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As the Central Bank of Ireland’s new regulations to combat ‘differential’ pricing in motor and home insurance come into effect, Brokers Ireland said it is unfortunate that the regulations are limited and will not outlaw all forms of differential pricing, but only discrimination for reason of tenure.

Longford/Westmeath Minister of State for Trade Promotion, Deputy Robert Troy, has said the Central Bank needs a stronger consumer protection role to ensure insurance companies honour policies with disruption cover for infectious diseases.

Fianna Fáil spokesperson on Business, Enterprise and Innovation, Robert Troy, has said it is unacceptable that some insurance companies are still using every avenue and technicality to get out of their obligation to pay out on legitimate claims.