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

I cannot put a percentage on it. In the case of Setanta and outstanding claims of, say, €90 million, the insurance entities here had to reserve or provide for potential payment of that amount and for any future insolvencies that may arise for which they might be held liable. They would have made their own estimates through their own actuaries based on what that might mean in terms of reserving an adequate amount. It is not a small amount and so it should have an impact on premium costs for motorists because the insurance companies can now take it out of the mix of the factors which they had to factor into the premiums they were providing to customers.