http://www.postonline.co.uk/post/new...adminsitration
Only stopping UK business being written at the moment - but I think you can see where this is going.....
http://www.postonline.co.uk/post/new...adminsitration
Only stopping UK business being written at the moment - but I think you can see where this is going.....
yeah its all over the news here.... i only have health insurance with them... i moved my car insurance just there at christmass...
sean quinn has lost 2 billion in bad investment. how the feck do you loose 2 billion... how is that possible?
i didn't renew mr car insurance with them as my car gonna be off the road while i do the re-furb! but my daily driven van is still insured with them how will this effect me and other policy holders?
His wealth was estimated at 3.3 billion a few years ago down to 800 million this yearOriginally Posted by Irishpaddy
sean quinn has lost 2 billion in bad investment. how the feck do you loose 2 billion... how is that possible?. A lot of his wealth was in the land his hotels sit on so that could be a reason for it along with bad investments.
Could be the start of bad times for insurers, hopefully they reduce premiums to attract new buisness but i cant see that happening
Doesn't effect you at all.
Last edited by rdougan; 30-03-2010 at 18:12.
no offense to people who are, or were insured with them, but im glad they went into admin, these guys screwd me over years ago when i first started driving but ha to quin.
apart from the fact it will leave a lot of people out of jobs, i hope they go under.
they have ties with anglo which cost them a fortune.
i was forced to renew with them even though 123.ie was 780quid cheaper because i have a claim against me that isn't settled yet.
(i declared the claim as being 25k against me even though it's more in the reigon of 20)
so hopefully they go under and take the claim with them so i can go with somebody else and give 2 fingers to the person deliberately dragging the claim out to inconvienence me.
This is so so so so devastating. Quinn were the ones giving me the best quote I could find for my S12 and now I can't find a quote under 2 grand! : (
I recently bought health insurance with them, my car insurance is due for renewal soon, but also with quinn....
quinn didn't go into voluntary administration, it was by order from a high court
ROFL that's an absolute fcuking classicCould be the start of bad times for insurers, hopefully they reduce premiums to attract new buisness but i cant see that happening
Err, it's reduced premiums that have fcuked the car insurance market
So is everybody that is insured with Quinn still insured and have a valid policy?
I'm insured with Quinn (car only), and I'm sure a lot of us from Ireland are. In fact I heard a figure of 17% of Irish drivers have a car insruance policy with Quinn.
Yes
Good to hear
i'm still with them. i missed my payment the other day and i got a text, a phonecall and a letter in the same day telling me i missed my €64 payment! have to be paid by friday...
Does this mean that renewals with quinn are lightly to increase?
I have heard alot of bad stories about them, but from my experience of having a claim against me, quinn were brilliant and sorted everything out within days. My premium only went up 100 euro, and didn't lose any of my 6 years no claim bonus.
Some insurance companies have strange policies when you have your ncb protected, that you lose half in the event of an accident
Ive heard alot of rumours that insurance companies all around are increasing premiums this year but this as such should have no direct impact.Does this mean that renewals with quinn are lightly to increase?
I have heard alot of bad stories about them, but from my experience of having a claim against me, quinn were brilliant and sorted everything out within days. My premium only went up 100 euro, and didn't lose any of my 6 years no claim bonus.
Some insurance companies have strange policies when you have your ncb protected, that you lose half in the event of an accident
Quinn have been put into provisional administration as more of a precautionary measure more than anything
Some other aspects of Quinns business werent doing too well (like the UK side of the business) and afaik they used this *net* to cover their shortfalls as an immediate measure.
heard word on the grapevine that quinn insurance is being investigated about their dealings and business by the high court in ireland as we speak today!
I heard that on the radio about increased premiums all round now that you say it.
This may cause an issue for any of us who are insuring modified cars in the future as Quinn really are the main crowd you go to with a modded car - who else does the declared modified car insurance over here?
JP will be back, he is like Christ, only he comes back more frequently
Very few is the best answer I could give.
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