Oireachtas Joint and Select Committees
Thursday, 24 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Costs for Community Groups: Discussion
10:00 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
The company is saying that its premiums are going up because the levels of claims and legal fees are increasing every year. A 7% margin is low. Obviously, if the volumes are very high, turnover is high. Mr. Cahalan said the company made a loss in 2015 and 2016. It made a 7% profit in 2017. He said we should follow the money. I am asking him to show me the money. I wish to see the make-up of total claims and I want it broken down between legal fees and claims paid. That would give us something tangible that would link in to what Mr. Cahalan is saying.
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