Oireachtas Joint and Select Committees
Thursday, 4 July 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Sector: Discussion
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I acknowledge that, but people are being fleeced and gouged by the insurance sector which has experienced a big increase in profits. The insurance companies are pointing the finger at customers and state it is all about fraud and levels of claim. We have been given a startling headline figure that 20% of claims are fraudulent. That is the impression I got, as, I am sure, will members of the public. The witnesses may wish to revise that figure. How many fraudulent claims do they think FBD gets per year? The real question is how many of them have been reported by FBD.
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