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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
They told me that it was one of the main drivers because they had to reserve money not just for Setanta but in respect of any similar situations in the future. They also suggested to this committee that it was one of the main drivers. Given that the uncertainty is gone and we have seen insurance premiums increase to extraordinary levels in the past three years, what action can or will the Government take if the companies do not reduce premiums?
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