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 will finish on this point. We heard evidence before the committee from the marts, which FBD insures. We had a number of pieces of evidence, but the one I recall was of a claim whereby somebody was injured by a horse in a field, FBD settled with that claimant and, obviously, the mart's premium went up dramatically. The mart does not own a horse. The incident had nothing to do with the mart. It argued with FBD not to settle the claim, but FBD took the easy way out. I am saying this to the witnesses present but we have countless examples of other insurers that settle such claims.
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