INSURANCE LEVY
The government is having problems coming up with a formula for the upcoming levy on insurance policies required to raise the €600m to ensure the solvency of Quinn Insurance, according to The Sunday Business Post.
The government is having problems coming up with a formula for the upcoming levy on insurance policies required to raise the €600m to ensure the solvency of Quinn Insurance, according to The Sunday Business Post.
Following last week’s ruling in Europe that insurers could no longer discriminate based on gender, at least one insurance broker believes there is no basis for women drivers to pay less than men. The judgment in the European Court caused a furore and women can expect their premiums to soar when it is enacted in less than two years’ time.
Women face higher insurance premiums if, as expected, the European Court of Justice opts to ban gender discrimination when assessing policy risk, both The Sunday Business Post and The Sunday Times report.