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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

No, I appreciate that and the Minister of State knows that we will try to work to ensure the legislation is as robust as possible to make sure we get to the outcome both he and this committee want to see in this regard. While I was driving back to my hotel in the early hours of this morning after dealing with the Finance Bill, I listened to the Minister of State and George Hook, although, obviously, the Minister of State was not on "The Right Hook" at 3 a.m., so it must have been a repeat. Forgive me if I picked this up wrong, as we had quite a long session on the Finance Bill, but when George Hook focused on the issue of fraud, the Minister of State said that he had seen evidence or information provided by the industry that suggested a level of fraud takes place. We know from the industry and from cases that there have been staged accidents and so on, but that does not amount to the level of fraud being suggested. The industry tends to come up with the figure of €50 per premium to cover fraud costs. Has the Minister of State seen any data to quantify or stand over the figure of €50 on each person's premium to cover fraudulent claims?

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