Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Costs for Small and Medium Businesses: Discussion
Mr. Jackie McMahon:
The Senator uses the word "fraudulent" but the issue is very often about the severity of the injury and what the payout for that injury might be. In many cases there may have been an accident or incident and some injury may have been suffered. It is the cost of that payout and specifically the cost of us getting to that payout decision through the legal system that is really driving the lion's share of our cost of claims.
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