Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

That would be an important body of work. I have met Insurance Ireland, the representative body for the companies, and I will also meet the insurance companies individually. The position I have taken with Insurance Ireland is that insurance companies must not delay addressing premiums following the enactment of the Judicial Council Bill. We are on a very clear pathway of reducing awards, which will then reduce premiums. I do not want to hear from the insurance companies that in two years, when a certain number of cases have been completed, their underwriters will consider the matter. The industry must show good faith towards the Oireachtas in response to the level of support it has shown in passing legislation to improve the sector. This must impact on the premiums they are currently charging.