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...The Irish Times - Thursday, December 24, 2009
A round-up of today's business news stories in brief
Insurance broker fined €18,000 for overcharging
A Carlow-based insurance broker has been ordered to pay a fine of €18,000 by the Financial Regulator after the regulator said it had “reasonable cause” to suspect that the firm overcharged customers.
McHugh O’Leary Insurance Brokers of Dublin Street, Carlow, applied broker fees and administrative charges in respect of premium rebates that were in excess of the maximum fees stated in the firm’s terms of business document.
The suspected breaches of the Consumer Protection Code related to the sale of insurance to commercial customers.
The matter was uncovered during the course of the Financial Regulator’s inspections into charges and premium rebates in the insurance intermediary sector.
Arklow wind farm may supply British grid
GREEN ENERGY group Airtricity is considering connecting its wind farm in Arklow, Co Wicklow to the British national grid. The company announced yesterday it is planning to buy a 25.1 per cent stake in an offshore windfarm 14km from the British coast at Walney, Cumbria, for £63;39 million (€43.4 million), from Danish group, Dong Energy. Airtricity also intends contributing £250 million towards the wind farm's £1 billion development costs. This will be paid in two stages as the 397 mega watt (MW) facility comes on stream. The pair will sell the electricity produced according to their stakes in the project. The power that it will generate will qualify for British government supports for green energy,
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Remembering Chris Henry (1983-2009)
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The (Fading) Call of Obama
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Health Bill Faces Constitutional Challenge And Mr. Ensign said the distinction between auto insurance and the health care bill is that only drivers are required to purchase auto insurance, and more » |
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The Irish Times - Thursday, December 24, 2009 Geely is China's largest private auto-maker. Its charismatic founder, Li Shu Fu, is known as the Chinese Henry Ford. He has pushed for Geely to become a and more » |
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Changing things when they're not working Changing things when they're not workingToday, the Sky Insurance has expanded to provide not only general liability, property and auto insurance, but also small business services such as payroll, |