Insurance payouts still higher than UK and the key to a summer side gig
A report shows Irish car insurance payouts remain 50% higher than in the UK, while the state grid operator is offering compensation to landowners for pylons. Additionally, the Irish manufacturing sector is seeing growth, and consumer interest in electric vehicles is rising.
Why it matters
These updates provide a snapshot of the Irish economy, covering insurance costs, infrastructure development, and shifting consumer trends.
Car insurance will always be a hot topic, particularly how much people are being charged for their premiums. Part of that premium is calculated by how much is paid out in so-called third-party claims after accidents and on that front at least there is bad news. A new report from the Society of Actuaries in Ireland shows Irish insurers continue to pay 50 per cent more than their UK counterparts for third-party injury claims on motor policies, despite recent reductions in the size of awards. Dominic Coyle has the story.
The content is a collection of economic and business news summaries based on industry reports.
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