Gerry Horkan (Fianna Fail) | Oireachtas source

People who did not change their cars or jobs and became a year older along with their cars saw 35% to 40% increases in their premiums for no reason other than that is the market and that is it. The insurance companies will say that they are paying out more, there is Solvency II, they priced too little in the first place - all the things we heard over many days of hearings. Is the Minister of State expecting 10%, 20%, 30% or 40% increases? Is he expecting stability? Is he hoping that there will be a drop? Can he give any consumer any hope that when the letter drops in the door next Monday, Tuesday or whenever it is, there will not be a 40% increase on last year?