Oireachtas Joint and Select Committees

Thursday, 22 February 2018

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

My final question relates to insurance. We committed to quarterly meetings with the previous Minister of State, Deputy Eoghan Murphy, and the new Minister of State, Deputy D'Arcy and we have had some exchanges on the issue. I read headlines recently commending the fact that insurance premiums had come down but that is not really true across the sector. I still get complaints from taxi drivers and the Irish Road Haulage Association and one publican I met this week, who has a taxi licence, told me his insurance had gone from €5,000 to €17,250. I am querying this with the regulator but there is unease in the market, not just in cases of road insurance but with public liability and employers' liability insurance. Is the Minister satisfied with the progress that has been made or will the industry have to come up with more reform and more cuts?

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