Post Brexit Insurance

[john m]

Man in the Car this morning going to a meeting on Insurance in the IFC .He said after brexit if you are with a British based insurer for motor,life ,house any insurance expect your premiums to rise between 8 and 12% .He said if the British move outside of the European Court of Justice then insurance companies registered  in the UK will need to Re-insure their liabilities with a EU registered insurer .He said a lot of British Insurers already do this but that wont stop them profiteering .

[Rat Catcher]

What if you're with a Spanish firm e.g. Liberty?

[The Liffey Lip]

The Brits have already enshrined all E.U. laws into their constitution. Something, Boris failed to comment on until caught blubbering at some black tie do.

[dalymount]

Can you insure a southern operating taxi in the north of Ireland ?

[The Liffey Lip]

http://www.vernoncoleman.com/euillegally.html

[mercenary for hire]

At least they've stopped blaming the blacks for our premium hikes.

[john m]

Seems if they drop the ECJ as the arbiter of claims and revert to Common Law then the British system would apply to litigation so it would be necessary to re-insure in a ECJ jurisdiction .He said its no biggie a lot of British insurance companies Re-insure with Munich Re which is the worlds biggesr Re-insurer and backed by the German Government .I think his point was we are going to be scalped by Insurance companies profiteering under the pretense of changes in legal status .

[Rat Catcher]

Interesting question, DM. I have found, in recent times, that prices charged by UK retailers (e.g. Debenhams, Marks & Sparks, Argos) in ROI stores are significantly higher than the Sterling equivalent in Northern Ireland stores. Obviously the exchange rate is a contributory factor with respective prices probably being set based on historical data, something that might no be (as) relevant to insurance premiums.

[The Liffey Lip]

The M&S dine-in option has levelled itself out recently. The tenner sterling option is now £12 mirroring the ROI one of €14. The Great British Break Off is happening as they told us it would..

[john m]

Rang a garage in Malvern Worcestershire had a 14 scoda occy for sale for 6k must of seen my Irish dial code quoted me 7750 but 7500 for cash .Newry and Armagh Shops will up their prices when Paddy starts heading up to the UK to shop .

[Rat Catcher]

The big chain stores don't really work like that, erm. In this technological age it's very easy to compare prices across jurisdictions as you shop.

[Cool Boola]

Decking clear varnish....30...stg..in Manchester 4B&Q....45euro in Tallaght....

[IrishTim1]

Lads, when will you see that the EU is a money-making racket, an absolute load of bollox. Just last week I ordered a tub of protein from the US, it was stopped at customs and destroyed because EU Commission Regulation (EC) No 206/2009 states that you need a licence to import whey protien from outside the EU, regardless of the amount. It's a joke, absolute jobsworth flutes is all they are.

[mercenary for hire]

What's in American protein that makes it so good?

[IrishTim1]

What's in American protein that makes it so good?

It's slightly cheaper than the overtaxed protein for sale in Ireland.