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
Does Mr. Mulligan agree with the assessment of the former Governor of the Central Bank when he wrote to the Minister for Finance in a confidential letter that was released to me under freedom of information? In the letter, he said that a number of non-life insurance companies took a very optimistic view of the future economic outlook, built up unsustainable overheads and followed an imprudent pricing and underwriting approach across most business lines. Does Mr. Mulligan agree with that assessment from the former Governor, Professor Patrick Honohan?
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