Oireachtas Joint and Select Committees
Thursday, 6 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Costs of Motor Insurance: Discussion (Resumed)
10:00 am
Gerry Horkan (Fianna Fail) | Oireachtas source
I do not mean it in an overly loaded way. The Central Bank is saying that in order for the industry to be sustainable, it must take into account more expensive claims, greater volume of claims, greater traffic on the road, whatever it is, and in order for the industry to have enough reserves, it has to charge more.
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