Irish Law Society commends Pearse Doherty for ‘exposing’ insurance companies

first_imgThe Law Society of Ireland has commanded Pearse Doherty for his ‘exposure’ of insurance companies on the island. Pearse Doherty called out insurance firms for not reporting suspected bogus claims to gardai – despite one firm believing 20% are fraudulent.The Donegal TD was speaking at an Oireachtas committee meeting alongside CEO of AXA Phillip Bradley, Allianz chief Sean McGrath, and FBD Ireland’s Jackie McMahon and Fiona Muldoon. Sinn Féin Finance spokesperson @PearseDoherty has called out the insurance industry for magnifying the scale of the issue of fraudulent claims in order to justify their high premiums and increases.— Sinn Féin (@sinnfeinireland) July 5, 2019Responding to Pearse Doherty TD’s detailed questioning of the insurance sector in recent days, Law Society of Ireland Director General Ken Murphy said: “Deputy Doherty is to be commended for devastatingly exposing the soaring super-profits insurance companies are enjoying.”“The Law Society echoes Minister for Justice Charlie Flanagan’s praise for Deputy Doherty’s cross-examination of insurers, and his call for the industry to do more to reduce costs.Mr Murphy continued: “Pearse Doherty’s questions laid bare the insurers’ distraction technique of blaming false and exaggerated claims, rather than their own profiteering, for the excessive premiums that threaten the survival of so many Irish businesses.” “It is now clear that insurers are making enormous profits while Irish businesses struggle to pay exorbitant premiums,” Murphy added.“We are glad to see political recognition that it is insurance companies, themselves, not the victims of accidents, the judiciary or the legal profession, who must answer for the incredibly burdensome premiums they are choosing to charge their customers.”“It is also clear that a primary source of false and misleading claims in this public debate is the insurance industry itself.“In the light of what Deputy Doherty’s fearless and forensic questioning has exposed about false and exaggerated claims, should the insurers not report themselves to the Gardaí?”Irish Law Society commends Pearse Doherty for ‘exposing’ insurance companies was last modified: July 8th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img