Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I will conclude on this point because the witnesses have not answered it. Whatever its members are telling the Irish Insurance Federation I can tell the witnesses their customers are telling us they are stuck with geocoding and cannot get out of it. I strongly urge the witnesses to take on board this issue. Businesses will close down because of geocoding and houses cannot be sold because of it. We already have a mortgage crisis and the insurance industry is contributing to it because people cannot sell their homes to escape from a mortgage debt as the house cannot be bought because of geocoding. I suggest geocoding must be seriously examined by the Irish Insurance Federation and solutions must be provided. It is causing huge problems as the insurance industry increasingly moves away from blanket insurance to cherry picking where all conditions do not apply.