Doherty slams staggering 62% hike in motor insurance premiums

first_imgDonegal Deputy Pearse Doherty has hit out at the Irish insurance industry for waging a ‘public disinformation’ campaign following a new report on motor insurance.The Central Bank’s first-ever report on private motor insurance reveals that the average price paid for motor insurance shot up by 62% between 2013 and 2018.The average premium was €706 last year, jumping up from €498 in 2009. While the number of claims is down by 40%, the cost per claim is up 64%.The report has been described as a shocking indictment of the insurance industry by Sinn Féin’s Pearse Doherty, who criticised the Government for “peddling the misinformation campaign” of the insurance industry.Teachta Doherty said the report should serve as a wake up call.“Today we have the facts in black and white. “Since 2009, the cost of claims per insurance policy has gone down by over 2%. At the same time the average motor insurance premium has gone up by a staggering 42%.”The report also shows that the average legal costs for motor insurance injury claims settled through litigation between 2015 and 2018 were €23,031. More than half (53%) of claims between 2015 and 2018 were settled directly between the insurer and the claimant. 16% were settled through the Personal Injury Assessment Board.On these figures, Doherty said: “The ‘compo-culture’ line trotted by the industry was a convenient story to cover its own price-gouging activities. That line does not stand up to scrutiny.”Doherty today called on the government to hold the insurance industry to account:“The National Claims Information Database confirms what we in Sinn Féin have been saying for some time. “The Irish insurance industry is highly profitable and highly dishonest. They have waged a public disinformation campaign that flies in the face of the facts. Cost of claims to the industry has gone down while the premiums paid by consumers has sky-rocketed, increasing every year.“We know that insurance companies are using practices such as dual pricing to overcharge existing customers.“I am calling on the Government and Fianna Fáil to stop defending the industry and repeating their spin.“Sinn Féin has repeatedly held the industry to account for misinforming the public and ripping off their consumer. Only Sinn Féin can be trusted to take them on and end the insurance rip-off.” Doherty slams staggering 62% hike in motor insurance premiums was last modified: December 16th, 2019 by Rachel McLaughlinShare 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)Tags:Motor InsurancePearse Dohertylast_img read more

adminDecember 21, 2019wbvbfxLeave a Comment

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10 months ago​DONE DEAL: Leicester fullback Elder joins Ipswich Town

first_imgTagsTransfersAbout the authorAnsser SadiqShare the loveHave your say ​DONE DEAL: Leicester fullback Elder joins Ipswich Townby Ansser Sadiq10 months agoSend to a friendShare the loveLeicester City defender Callum Elder has signed for Ipswich Town on loan.The left-back has not received many first team chances with the club this season.And he will now compete at Ipswich in the Championship.But Leicester do want him back for next season, as Christian Fuchs is departing at the end of the campaign.Ipswich Town boss Paul Lambert told the club’s website: “I’m delighted we have been able to get Callum in early. He gives us more competition on the left side.”He is a very good player. He’s been training with top players at Leicester and he has handled that well.”He’s got a really good left foot and he wanted to be here and that’s vital for me. I need players who want to come here and play for this club.”Elder added: “I had a good chat with the gaffer about three weeks ago and he said he wanted me to come down and be a big part of the squad.”I was really eager to come and get involved.” last_img read more

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Saudi Aramco says H1 2019 net income slips to 469 bn

first_imgRiyadh: Saudi state-owned energy giant Aramco said Monday its first half net income for 2019 had slipped to 46.9 billion, a first such disclosure for the secretive company ahead of its debut earnings call. “The company’s net income was 46.9 billion for the first half (of) 2019, compared to 53.0 billion for the same period last year,” the company said in a statement. The fall in income, owing to lower oil prices, comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing. Also Read – Thermal coal import may surpass 200 MT this fiscal”Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow,” Aramco CEO Amin Nasser was quoted as saying in the statement. It is the first time the company has published half-year financial results and comes after Aramco opened its secretive accounts for the first time in April as it prepares to raise funds from investors. It made no mention of the planned initial public offering in Monday’s statement. Crown Prince Mohammed bin Salman has previously said the IPO — dubbed as potentially the world’s biggest stock sale — would take place in late 2020 or early 2021. Saudi Arabia plans to sell up to five percent of the world’s largest energy firm and hopes to raise up to 100 billion. The planned IPO forms the cornerstone of a reform programme envisaged by Prince Mohammed to wean the Saudi economy off its reliance on oil.last_img read more

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Canadian Forces members begin helping out in flooded BC communities

first_imgVANCOUVER – Dozens of members of the Canadian Armed Forces have begun to arrive in communities ravaged by flooding in British Columbia, giving relief to emergency workers, volunteers and residents who have worked tirelessly to protect homes and businesses from further damage.Forty-four military personnel arrived Friday at the Okanagan Similkameen’s emergency operations centre in Penticton, said John Davies, field operations incident commander for the emergency operations centre.“We took them up to Twin Lakes and they are adding some bags and fixing up the gabions in that area to try and hold back the increasing water level within Twin Lakes,” Davies said.Frances Maika, spokeswoman for the Regional District of Kootenay Boundary, said the arrival of about 12 members of the military to help with sandbagging was a huge morale booster for the overwhelmed residents of Grand Forks.“When you have children and elderly people sandbagging who are exhausted, to see 12 big guys show up who are fresh and have a lot of endurance, that’s a good thing,” she said.The Central Okanagan Regional District said 45 soldiers were working to protect a West Kelowna neighbourhood threatened by rising water levels from Okanagan Lake.About 300 soldiers arrived in B.C. from Edmonton on Thursday in response to a provincial request for federal assistance, as about 4,500 people have been forced from their homes by flooding and a further 7,000 have been told to be ready to leave on short notice.Heavy rain in southern British Columbia has eased but concerns about flooding remain high in dozens of communities from the Fraser Valley east to Alberta.Environment Canada has lifted a special weather statement that forecast up to 40 millimetres of rain for the Boundary and Similkameen regions, which were already coping with thousands of evacuations caused by rivers swollen from snowmelt after recent hot weather.Despite the improved conditions, flood warnings were posted Friday for the Salmon River near Falkland and Salmon Arm, as well as the Slocan River just north of Castlegar in the same area where more than 60 properties were placed on evacuation alert on Thursday.Flood warnings remained in effect for the Granby, Kettle and West Kettle rivers affecting communities that included Grand Forks, which saw flooding last week as water reached historically high levels.Those rivers are expected to peak by midday Saturday, Maika said.“We were looking (Thursday) night at two alternatives … severe flooding or catastrophic flooding,” Maika said.“It looks like, from the forecast right now, that severe flooding is our option.”Once the waters peak, Maika said there’s concern eroded riverbanks that have been supported by the raging waters could begin to collapse as the rivers recede.About 40 riverside properties could be affected, and Maika said owners have been warned to get out if they spot further erosion of the banks.Officials were also keeping close watch on levels on the Fraser River from Prince George south to the Fraser Valley as evacuation alerts were posted in many communities along most of the river’s length, although no severe flooding had been reported.The River Forecast Centre says as much as 80 per cent of the annual snowpack still remains at higher elevations and high melt rates have gradually increased flows across rivers in the central and southern Interior. But the centre says the chance of those rivers flooding from snowmelt alone has fallen dramatically, although there was still a risk if heavy rains return.last_img read more

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Football JT Barrett named Big Ten Player of the Week

Redshirt senior quarterback J.T. Barrett (16) runs the ball in the second quarter against Nebraska in Memorial Stadium on Oct. 14. Credit: Jack Westerheide | Photo EditorFollowing his seven-touchdown performance in No. 6 Ohio State’s win against Nebraska, quarterback J.T. Barrett was named Big Ten Offensive Player of the Week Monday morning.Barrett has been named conference player of the week on eight occasions, the third-most ever. If he wins it again, he will tie former Wisconsin running back Ron Dayne and former Michigan quarterback Denard Robinson for the most career times being honored with the award.The redshirt senior completed 27-of-33 for 325 yards and five touchdowns, adding 48 rushing yards and two touchdowns on the ground in the Buckeyes’ 56-14 victory. He tied the school record — which he set in last year’s game against Bowling Green — for most touchdowns accounted for in a single game with seven scores.Barrett picked up his 32nd career win Saturday which gave him sole possession of the second-most victories by a Buckeye quarterback.Barrett and Ohio State do not play this weekend, but return to action against No. 2 Penn State at 3:30 p.m. Oct. 28 at Ohio Stadium. read more

adminSeptember 28, 2019rlzoysLeave a Comment

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Valverde reflects on horrible defeat to Roma

first_imgBarcelona manager Ernesto Valverde recalled their “horrible” defeat to AS Roma in last season’s Champions LeagueThe Spanish giants had won the first leg 4-1 at the Camp Nou and looked all set for the semi-finals.But then Roma pulled off one of the greatest comebacks ever by beating Barcelona 3-0 at the Stadio Olimpico and progressed to the last four of the Champions League instead.“We had a horrible day,” Valverde told the club website.David Villa, SpainQuiz: How much do you know about David Villa? Boro Tanchev – September 14, 2019 Time to test your knowledge about Spanish legendary forward David Villa.“The analysis that I have of the second leg is that everything surrounding that tie wasn’t good. When the draw was made everyone was clapping because we got Roma.“The first match was a complicated one where we took the advantage, but that was worse than it seemed. We won 4-1, if we’d won 2-1 then everyone – absolutely everyone – would have been more focused for the second game.“It was a match where we were on the back foot from the beginning, they came at us strong and we couldn’t turn it around.“Credit to them. In competitions like those, the Champions League or the World Cup, it can all come down to a single mistake on a single day. You have to be especially focused.”last_img read more

adminSeptember 18, 2019rlzoysLeave a Comment

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Report Chelsea make their move for Higuain

first_imgChelsea are reportedly closing in on signing Gonzalo Higuain this month after personal terms were agreed onManager Maurizio Sarri has decided to pursue Higuain once more after failing to reunite with his former Napoli star last summer.Tuesday’s 1-0 Carabao Cup semi-final first leg defeat to Tottenham exposed Chelsea’s lack of sharpness up front with a host of chances to equalise going to waste.Current forwards Alvaro Morata and Olivier Giroud have both struggled to deliver the goals on a regular basis, which has forced Sarri to deploy Eden Hazard in a “false nine” role.Now Marca reports that Chelsea are close to sealing a move for Higuain, who has fell below expectations in his loan spell at AC Milan.Sacchi explains Sarri, Conte, and Ancelotti Manuel R. Medina – September 14, 2019 Arrigo Sacchi talked about how Sarri has a tougher time at Juventus than Conte at Inter; while Ancelotti’s “blood is boiling” at Napoli.Arrigo Sacchi…The Rossoneri are allegedly keen on cancelling Higuain’s loan deal from Juventus due to his €8m per season salary along with the €40m buy option for next season.On the other hand, Chelsea would be willing to take on the same deal that the Argentine striker has at Milan.Should a deal for Higuain go through, then it could pave the way for Morata to leave Stamford Bridge on loan at Sevilla.Higuain has scored six goals in 15 Serie A appearances for Milan this season.last_img read more

adminSeptember 18, 2019xdabuoLeave a Comment

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Garry Cook Man City held talks with John Terry in 2009

first_imgFormer chief executive Garry Cook confirmed that Manchester City held talks with John Terry over summer transfer from Chelsea in 2009Under new billionaire owner Sheikh Mansour who had taken control 12 months earlier, the big-spending City approached Chelsea over a move for their captain.The Blues permitted City to begin talks with Terry and a five-year contract with a weekly wage of £200,000 was offered to the centre-back, which he eventually turned down.“We went through the process [of signing Terry],” Cook told Sky Sports.“[Chelsea chief executive] Peter Kenyon was there at the time and we had conversations with him, saying we’d like to do it and we’d like to have a conversation.“I think he was probably more confident that he [Terry] wasn’t going anywhere.“We had conversations with John and he decided to stay where he was, and quite rightly so.Harry Maguire, Manchester UnitedLiverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.“But there was never a document ready to sign.”Later on, Terry confessed he had used City’s interest as a bargaining chip in order to earn himself a new contract with Chelsea – which doesn’t surprise Cook.“There were players out there who were using us as a stalking horse and that’s the game,” he added.“If you want to get a better contract in your renewal with the club you’re with, then you’ve got to try and raise a market, and that’s what agents would do.“The reality is, would we have liked a lot of them to come? Yes. But the truth is, some of them were a little bit smoke and mirrors.”Terry made 717 appearances for Chelsea in a 19-year stay and won five Premier Leagues and FA cups along with titles like the Champions League and Europa League.After spending last season at Aston Villa, Terry announced his retirement from football during the summer and now plans to embark on a managerial career.last_img read more

adminSeptember 18, 2019burahaLeave a Comment

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Shots fired over road rage in Clairemont Mesa

first_imgShots fired over road rage in Clairemont Mesa SAN DIEGO (KUSI) – A driver fired shots at another car in Clairemont Mesa today in a road rage incident, police said.A motorist told police he was fired on by another motorist at about 3 a.m. on Clairemont Mesa Boulevard after the two drivers got into an altercation on the road. The gunshots blew out the victim’s passenger side window, according to Officer Tony Martinez of the San Diego Police Department.Police continued to investigate the shooting, and no arrests have been made. The shooting suspect’s vehicle description has not been released. KUSI Newsroom KUSI Newsroom, June 22, 2019 Posted: June 22, 2019 Categories: Local San Diego News FacebookTwitterlast_img read more

adminSeptember 17, 2019dsvvnrLeave a Comment

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