Business

Supermac’s boss says insurance premiums have risen by 25 per cent despite reforms

Pat McDonagh, the fast food franchise owner and hotelier, has said that more competition is needed in the market to reduce the costs for struggling hospitality firms

Pat McDonagh, Supermacs founder: McDonagh has been a long-term advocate for reform of personal injury awards. Picture: Michael Dillon

Pat McDonagh, the Supermac’s founder and hotelier, has said his insurance premiums have risen by up to 25 per cent in the last year despite a sharp fall in the average awards being made for personal injury cases in courts.

According to figures from the Personal Injuries Assessment Board (PIAB), the average figure for a public liability award was down 39 per cent to €15,813 in the first six months of last year when compared ...