Oireachtas Joint and Select Committees

Wednesday, 1 May 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Defective Concrete Blocks: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The whole thing is evolving. We talked about mica at the start and then finding out that mica was not involved. There was a whole learning experience and the redress group obviously has engaged with people to try to make sure that there is an understanding in organisations. I know that the BPFI have met Insurance Ireland a number of times and the redress group has done the same. Is there now a small group looking at this within Insurance Ireland, because it is an evolving scenario? The first thing in terms of being able to deal with this is having a complete understanding of where it is at. Is that something that is there or is it something you are looking to set up within Insurance Ireland, in the sense of having some of your partners and the experts there coming together and gaining a better understanding of the situation? I say this genuinely. While insurance is more tangential to the issue, it is really important to the homeowner, as if you do not get the insurance right, you will not get the mortgage. Is that is something that is done or something Insurance Ireland would look into?

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