Aidan Davitt (Fianna Fail) | Oireachtas source

There was a report recently on some of the larger insurance companies, which are loss making. Public liability insurance was mentioned. Insurance companies do not want to touch it and will get rid of at least 20% performing policies, particularly with regard to public liability insurance. Two or three companies seemed to be quoting for it over the past while but now nobody is quoting. Companies drift out of some markets at certain times and drift back into doing cheaper offerings. They all seem to move at the same time. I have a general understanding of the insurance industry but there seem to be concerted moves by the heavy insurance guys from time to time.