Oireachtas Joint and Select Committees

Thursday, 24 November 2016

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

Rising Costs of Motor Insurance: Discussion (Resumed)

9:30 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

In so far as a monthly review is concerned, I have no problem with appearing every month before this committee to talk about what the working group is doing. From January, we will have two tasks - ensuring that the implementation of the recommendations is taking place, but we will be moving to other areas of the non-life insurance market as well. No doubt members of this committee have been receiving submissions from business people about their insurance costs. I do not mean their motor costs, but in terms of insuring their premises and what they do. I want to get to that quickly and January will be the starting point for that once we have published our report. I am happy to come in on a monthly basis and we will be doing other work as well. Some of the recommendations will have a longer tail, so there may not be immediate progress from month to month on a particular recommendation. I ask the committee to bear that in mind.

In so far as the Single Market and hauliers are concerned, it comes back to a point the Chairman made which I want to address. As it is not possible now or because it might seem like a tough ask to change European law, it does not mean we will not seek it. We have sought the legal position and have had an initial legal consultation on this. There is an ongoing court case, so it is something we will have to revert to, but it is part of what the working group is doing between now and December to understand how best we can progress this particular issue of concern. I know that it is an issue concern and I have met with hauliers who put their case forward. In talking about the future of the Single Market, there is a good argument to be made there as well.

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