Brokers attack CCPC, 4,500 businesses saved in Covid and airfares will rise


the industry body for Irish insurance brokers launched an unprecedented attack on the state’s competition authority over the results of a lengthy investigation into anti-competitive behavior in the auto insurance industry between 2015 and 2016, as coverage costs soared sharply. Reports by Joe Brennan.

At least 4,500 companies have been saved from bankruptcy thanks to state support in the event of a pandemic, but there is an “over-indebtedness” of at least 10 billion euros and many will have to restructure during the year coming soon, according to a new PwC report. Colin Gleeson has the details.

Ballymore paid almost 3 million euros to outgoing British chief financial officer David Pearson when he left the British company of the Irish manufacturer last year and also made a substantial donation to the English National Ballet School, according to the latest accounts. Reporting by Barry O’Halloran.

Willie Walsh, the former chief executive of International Airlines Group who is now chief executive of the International Air Transport Association, warned that air fares will increase as airlines implement measures to achieve sustainability goals in the years to come. Mark Paul has the details.

Sales of Irish whiskey rebounded strongly in the United States last year, rising 16.3% or $185 million, to a record $1.3 billion. Charlie Taylor runs through the numbers.

What is the income of a ¤100,000 pension pot gives you? Fiona Reddan has the answer in our personal finance article.

In Q&A, a reader wonders what happens when a family can’t agree on the value of an inherited home. Dominic Coyle offers some advice.

the The long-running CCPC investigation in alleged misconduct in the auto insurance industry produced an unsatisfactory outcome, Cantillon writes.

In her media and marketing column, Laura Slattery says RTÉ and Virgin Media should consider further television collaborationsafter teaming up to secure the rights to the Six Nations Rugby Championship.

A recent report from Oireachtas confirmed what we knew: politicians cannot be trusted with pensionswrites Cantillon.

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