Cheap Car Insurance for the Under 25's

Irish insurance troubles nothing new BBC News

08.04.10

Quinn Insurance company faces a challenging future.

The business, which is part of Sean Quinn's conglomerate, was placed into administration last week.

The High Court in Dublin appointed administrators on application by Ireland's financial regulator.

Regulation chief Matthew Elderfield told the High Court in Dublin that Quinn Insurance had "significantly breached" its solvency ratios.

The insurance arm of the Quinn Group, which offers motor, home and business and healthcare policies has a deficit of 200m euros.

Last week Mr Elderfield said one scenario could see administrators apply for a levy to be imposed on all insurance premiums, not just Quinn premiums, to help cover the company's losses.

Insolvency

It may sound like drastic action, but in fact, it is a story all to familiar in the Irish Republic.

In 1983 Irish motor insurance company, Private Motorists Protection Association, (PMPA) collapsed amidst insolvency issues.

Source:

aib car insurance - News

Cover-All Technologies Inc. releases Massachusetts Commercial Auto ... Business Wire (press release) - Jun 30, 2009 Cover-All Technologies Inc. releases Massachusetts Commercial Auto Business Wire (press release)When paired with Cover-All's comprehensive full service model, clients now benefit from complete maintenance and updates for AIB revisions in Massachusetts. and more »

Lynn targeted for insurance fraud The Daily Item of Lynn - Jun 25, 2009 Lynn targeted for insurance fraudThe Daily Item of LynnThe Lawrence task force arrested members of a Methuen family that allegedly staged phony car crashes for three generations.and more »

How to avoid that holiday nightmare Irish Independent - Jun 20, 2009 How to avoid that holiday nightmareIrish IndependentAIB's multi-trip travel insurance does not cover you if the airline goes bust and your flight is cancelled as a result. Neither does the annual travel and more »

FACTBOX-Major foreign investments in Bulgaria Forbes - Jun 30, 2009 FACTBOX-Major foreign investments in BulgariaForbesAllied Irish Banks ( AIB - news - people ) bought 49.99 percent of specialist business lender Bulgarian-American Credit Bank (BACB) for 216 million euros in and more »

Thursday Newspaper Review Irish Business News and International ... FinFacts Ireland - Jun 18, 2009 FinFacts IrelandThursday Newspaper Review - Irish Business News and International FinFacts IrelandAIB is increasing the cost for homeowners who opt for a three-, five- or 10-year fixed rate. And other lenders are set to follow suit imminently. and more »