Oireachtas Joint and Select Committees

Thursday, 1 June 2017

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

Motor Insurance Costs: Minister of State at the Department of Finance

10:00 am

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

That means the company could just make more profits. I presume, however, the Minister of State, who has direct responsibility here, having seen his constituents and citizens across the State fleeced by these companies, demanded or, at least, suggested that they reduce their premiums, particularly as this case was the main excuse they used for ramping up prices. Did he walk away from that meeting without any assurances bar the fact that the company in question will have more profits because it does not have to reserve as much?

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