Charities are being forced to spend €1 out of every €10 they get on insurance, forcing many to curtail services. Charities are being forced to spend €1 out of every €10 they get on insurance, forcing many to curtail services. The insurance crisis means charities are now seeing 10pc of annual expenditure swallowed up by the cost of cover. Some voluntary groups are being hit with premium rises of up to 60pc, according to Ivan Cooper of The Wheel charities association. However, insurers made losses on liability insurance, which is what covers businesses when they are sued.

Source: Irish Independent June 14, 2019 01:30 UTC