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
Gerry Horkan (Fianna Fail) | Oireachtas source
One could take the view that claims costs have not changed, but the insurance industry will come in and say it is settling so many claims because companies cannot rely on going to courts where one judge gives €15,000 and another gives €75,000 for the same injury. I do not want to put words in their mouths but I want to be sure of what Mr. Fielding said. It is Injuries Board claims that have not changed, but more and more people over time are abandoning or discounting the Injuries Board to take their chances either in the courts or with settlements because they feel they will get more out of a settlement than the Injuries Board figures are establishing.
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