Oireachtas Joint and Select Committees

Thursday, 16 February 2017

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

Report on Cost of Motor Insurance: Minister of State at the Department of Finance

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I will take up the discussion on Senator Horkan's last question and why we met both vintners groups, that is, the one representing those in Dublin and the other representing the rest of them. It is true to say that their experience is a negative one and one that is being felt by everyone in the SME sector. The increases in insurance premiums for public liability, employer's liability and the rest of the insurance range are massive. As we address motor insurance, the claims experienced by the SME sector and generally are the same. We then go back to the book of quantum. One of the tasks that we spoke about but did not undertake was to examine the book of quantum and to compare what happens here with other jurisdictions. Does the Minister of State think it would be worthwhile to conduct that analysis in order that we could easily compare on a spreadsheet whiplash awards in Ireland with those in the UK and perhaps somewhere else in the European Union? That book of quantum and the comparisons could be given to judges. At the end of the day, the people missing from this debate and discussion are the judges who will make the decisions. I see nothing wrong with informing - not influencing - them on what the payouts are and how they differ. I come in here every day and am willing to be educated and learn more. I do not see why they should not be in the same position given this is having a huge and negative impact on our economy. Does the Minister of State see merit in his undertaking of that comparison and analysis and making it available to the Judiciary?

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