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

No, I said uncertainties around the legal area are doing so, including the change in jurisdictional limits and the possible reduction of PPOs. As a result of the Setanta issue insurance companies are now incurring more cost in a claim even though it is not paid out. They are now reserving a greater portion of money. The report speaks to that increase. It has happened. The cost of claims being paid out has not increased dramatically over the last number of years but the quantum that insurance companies are putting aside for the potential pay-outs into the future has increased. As the Deputy knows, it is difficult for an insurance company to close a book in any given year because a court case might take five plus years. This means there is a long tail in terms of working out these factors. It is not easy to turn around a ship like this in a two or three year timeframe.