Rose Conway Walsh (Sinn Fein) | Oireachtas source

This really concerns me, not least because my own car insurance - which is on the same car and the same everything else, with no claims - has gone up by 20%. I would be surprised if I am the only person in the country this has happened to. The CSO figures giving that information on insurance costs do not reflect the reality on the ground that I am dealing with. The insurance industry has said that because of Setanta and the resulting liabilities, and because that was not sorted out, this caused insurance premiums to be higher than they would normally be. People's expectation now is not words or platitudes but a decrease in their insurance policies, and the witnesses need to give us more assurance that this is going to happen. It has been a major piece of work to bring us to this point and we need to see that reflected. It is absolutely useless, and we have all wasted our time, if it is not going to be reflected in a dramatic drop in insurance costs.