Oireachtas Joint and Select Committees
Tuesday, 19 March 2013
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Property Insurance: Discussion (Resumed) with Irish Insurance Federation
2:50 pm
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
It is not fair, then, just to say it paid out €697 million over the past 12 years. We would have to look at the profit margins over the past 12 years. Mr. Thompson is giving us a figure as to what the industry paid out on flood defence over the past 12 years but he is not able to give us the figure of the profit margins in all the insurance companies that are active in the Irish market over the previous 12 years. Is that fair enough?
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