Minister of State with special responsibility for Insurance, Michael D’Arcy (left) and Minister for Finance Paschal Donohoe
I have been contacted by worried Creche owners & parents from across Fingal who are concerned about the ongoing insurance crisis The minister’s attitude will only serve to heighten these concerns 🙄 Pay up & shut up https://t.co/uMNpOdB3Xx
— Louise HoHoHo Reilly TD (@loreillysf) December 18, 2019
Asked about reports that some providers have seen massive rises in premiums of thousands of euro, Mr [Michael] D’Arcy said Allianz Insurance were more expensive than other options, and that two thirds of the market were covered by the company.
He said it was important to know that it costs around €60 per child for a crèche to get insurance cover, which they are obliged to have.
He said if there were 50 children in a crèche at €60 each the cost for insurance is around €3000, and each crèche must be insured….