Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I was extremely critical in terms of the slow pace of the report when initially published. We have learned today that three of the ten targets have been missed. In regard to recommendation No. 1, that in respect of large increases insurers will be informed of the reasons for them and given a breakdown of what percentage of increases is due to specific factors, which the Minister of State said is being progressed, what is meant by "large increases" and in the case of a large increase in a motor insurance premium, what detail will be provided to an insurer? Motorists are being hit with large increases every week. I will give the example of two people in offices on the same corridor as Sinn Féin Members. One of those people, who has ten years of no-claims driving, was quoted €2,500 for motor insurance. The other person, who has been off the road for two years but also had ten years of no claims previous to that, was quoted €2,000. What is happening is unbelievable. What detail will be provided, what constitutes a large increase, such that it will trigger the detail being provided by the insurance companies and when will the first motorist receive that notification?