Dáil debates
Wednesday, 30 April 2014
Topical Issue Debate
Insurance Industry
5:05 pm
Ciara Conway (Waterford, Labour) | Oireachtas source
I thank the Minister for his reply. However, I am not concerned that "claimants will only be eligible for 65% of the amount due or €825,000, whichever is the lesser". The case I cited will involve a much greater sum. What will be done to ensure such lax regulation, albeit under EU law, cannot continue? This was a primarily Irish company selling to Irish consumers but it was regulated elsewhere. This is the kind of practice we would like to banish to the past in order that consumers can be protected. I refer not only to those who have suffered loss or injury in a car accident, but also those who are self-employed and trying to keep a business going given a significant number of Setanta's customers were self-employed.
What comfort can the Minister offer to these people who are so badly and desperately in need of good news?
No comments