Oireachtas Joint and Select Committees

Thursday, 13 June 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Cost of Insurance Working Group: Minister of State at the Department of Finance

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Okay. I thank the Minister of State and his officials for their efforts on this. It is important that the committee gets regular updates from him and, through him, from the cost of insurance working group on what is happening, if things cannot happen why they cannot happen and if they cannot happen whether there is a way of getting around whatever barriers there are to make them happen. Equally, this committee should return to its motor insurance report and see what has been delivered, what we have been told cannot be delivered and so forth. It is one of the most important issues. Recent insurance incidents that have been reported in the media have engaged the public in a way I have not seen many issues engage the public. There are many issues on which one would like to engage the public but this issue has taken off. With fraudulent exaggerated claims, everybody feels that money is being given to people who do not deserve it and the rest of us are paying for it. That situation must be resolved quite speedily. Otherwise there will be fewer restaurants, play centres, event spaces and festivals, which will be to the detriment of all of us. I will conclude on that.

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