Oireachtas Joint and Select Committees
Thursday, 15 November 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Cost of Insurance Working Group Update: Discussion
9:30 am
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
I am aware of those facts also. The issue here, again, is that somebody can have a small claim for small damage and can claim for very large amounts of money. If they keep pursuing it, and lengthen the process for years during which time the insured individual or premises has that claim on their books, it becomes a commercial reality and is cheaper to pay it. Again it goes back to the level of award. It has been lucrative for somebody to pursue it.
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