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
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
That does not seem to be working. That is the point I am making. You and I are talking about this, and the committee is dealing with it. Yet, as the working group deals with it, there are businesses operating throughout the economy that are being forced to close or curtail their activities because of the various types of insurance. That cannot be endured. One sector cannot hold all of the other sectors to ransom. One insurance company insures most of the marts. Most of the marts have experienced significant increases. I met representatives of the taxi industry some weeks ago. There is no justification for the increases they have experienced. I will turn to the report.
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