Oireachtas Joint and Select Committees
Thursday, 8 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion
11:00 am
Paul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source
The basic point is about younger drivers who feel ripped off by the car insurance sector. That is certainly a sentiment. Is it Mr. Griffin's assessment that they are correct to feel ripped off? The Central Bank stated that younger policyholders continue to present the highest average surpluses, that is, for every €1 in car insurance paid by younger drivers, the car insurance companies pay out less per €1 in terms of claims. Is that Mr. Griffin's experience? Is that how people feel about it?
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