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

It is not yet clear. However, to provide clarity in the context of expectations, it may be one or two years. What we need to do is make sure that this actuarial report that has been promised is compiled immediately and we can then move on from that.

The State Claims Agency and the accountant of the High Court are talking to the liquidator. They are aware of the concerns on the Government side and the importance we have placed on progressing this as quickly as possible. Any help that can come from the Oireachtas, once we have the relevant legislation, to move on this quickly would be very much appreciated with regard to the future outcome.

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