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Leadership
Regulator fines related insurance firms 22,500
11.11.2009
The Financial Regulator has fined two related insurance companies a total of 22,500 for suspected failures by the firms to comply with the consumer-protection code.
The financial watchdog fined Pat Treacy Insurance Brokers Limited of 261 Crumlin Road in Dublin €15,000, and Quick Quotes Limited, also of the same address, over breaches in compliance with theConsumer Protection Code.
The breaches at both companies related in particular to the sale of general insurance products to customers, including the sale of motor insurance and household insurance.
Breaches included the firms overcharging fees, although the regulator said it did not believe the actions of either company were deliberate.
The Financial Regulator said no client of the firm had made a direct complaint to it in relation to the suspected breaches.
Both Pat Treacy Insurance Brokers and Quick Quotes co-operated fully with the examination, the regulator said, and the matter is now closed.
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Irish Director is the definitive magazine for leaders and senior decision makers in Ireland. Produced in association more..
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Owner Manager is the latest title from the BusinessandLeadership.com stable. It is the only magazine in Ireland to more..
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Irish Director is Irelands leading senior management magazine. Designed for business leaders and decision makers across the island, it covers topics of specific relevance to Irelands senior directors.
Owner Manager is the latest title from the BusinessandLeadership.com stable. It focuses specifically on the needs of the business owner, offering both strategic and practical features and information related to running your own business.
Marketing Age is the definitive voice of the marketing industry in Ireland. Aimed at decision makers, marketing directors and industry professionals, it deals in-depth with marketing strategy, innovation and the world of new media.
Knowledge Ireland is a ground-breaking bi-monthly magazine from our sister brand siliconrepublic.com, unique in its exploration of strategy and innovation through people and technology.
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