Oireachtas Joint and Select Committees
Wednesday, 14 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion (Resumed)
11:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I spoke earlier about smokescreens. There has been much focus on the expensive necks of the Irish people and fraud but very little focus on the fact that the insurance companies are seeing a dramatic drop in investment income, which is one of the reasons why premiums are going up because the income to offset the underwriting loss no longer exists. Is this analysis correct?
No comments