Ian Guider: If we want to tackle profiteering, we need to take on the legal sector

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Huge anger has been directed at the insurance sector over the last few years for ‘price gouging’ but we are strangely tolerant of a legal industry enjoying a nice little earner at our expense

In the hierarchy of companies that generate public outrage whenever they make a profit, insurance companies have climbed above the banks and the energy firms in recent years.

That is despite the fact that the annual cost of servicing a mortgage or heating your home is a multiple of renewing your car insurance. The anger towards insurance firms shows no sign of dissipating in spite of falling prices. Last week the Central Bank published data ...

 

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