Spiralling cost of insurance highlighted in new report

The spiralling costs of insurance premiums are a threat to our economy.

An Oireachtas report on the rising cost of motor insurance – to be published today – sets out 76 recommendations to tackle the problem.

These include new laws forcing companies to reveal details of their claims.

Chair of the Oireachtas Finance Committee – Deputy John McGuinness – says the government needs to commit to getting a grip on the situation.