Rose Conway Walsh (Sinn Fein) | Oireachtas source

Mr. Thompson's response is not encouraging for people whose pockets are still being raided by insurance companies. People must have insurance and premiums are not falling, unless I am only meeting people whose premiums are increasing. I tested this personally by asking my insurance company for a reduction in premiums on the basis that there had been no changes in my policy. It refused to do so and informed me my premium would increase by 20% this year for the same car on a policy on which no claims or any other changes had been made. That Mr. Thompson's view is not reflected on the ground is a matter of great concern. My message to the insurance companies is that they must stop ripping off citizens who must have motor insurance because it is not right.

Now that the insurance compensation fund, ICF, will come under the Central Bank of Ireland, will it be subject to scrutiny by the Comptroller and Auditor General?