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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
The numbers should never be repeated. If it is a guesstimate by the industry to justify the premiums charged without it being able to back it up in any way, it is wrong for us, as parliamentarians, to repeat it. There must be something to underpin it. It must be underpinned by some material figures, as opposed to someone thinking one sixth of every premium is made up of the cost of meeting fraudulent claims, even though he or she has no evidence or information which suggests that is the case.
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