Oireachtas Joint and Select Committees

Tuesday, 13 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Cost of Motor Insurance: Discussion (Resumed)

11:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

With the permission of members, I will ask Senator Horkan to chair the meeting. In view of what has been said in relation to cartel-like behaviour, and I tend to agree with all that was said about that this morning, I will ask that the transcripts of this meeting, or at least notification of what was said, be referred to the Central Bank and to the Competition and Consumer Protection Commission to make them aware of the comments and what transpired here this morning. I would even extend this to the European Commission, so we can take this up in further detail. I believe it is a very serious situation. Given the threat to our economy, it is important that it would go beyond this meeting to a forum that should be dealing with it. The Central Bank will appear before the committee. We will flag the issue for it and ensure we take it up directly with it and inform the three different authorities.

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