Oireachtas Joint and Select Committees
Thursday, 15 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion (Resumed)
11:00 am
Seán Sherlock (Cork East, Labour) | Oireachtas source
From the consumer's point of view, the Competition and Consumer Protection Commission has issued summonses to the motor insurance providers. The commission press release clearly states that there was a signalling of price increases. If the commission cannot get access to the reasoning behind the price increases, even on issues like re-balancing, provisioning or the historical reduction in premia in recent years, then what does a successful outcome of the commission investigation look like, from the point of view of the consumer?
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