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Fears New Insurance Levy After Setanta Collapse

98FM
98FM

09:12 18 Apr 2014


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There are fears of a new insurance levy after the collapse of Setanta Insurance.

Up to 75-thousand motorists will need to seek new cover after the firm went into liquidation yesterday.

It's the latest catastrophe to hit the industry in recent years following the RSA bailout by its parent company last year, and the entry of the Quinn Group into administration 2010.

The Sunday Independent's Motoring Correspondent Geraldine Herbert says a new levy on insurance customers can't be ruled out at this stage:


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