Oireachtas Joint and Select Committees
Thursday, 3 October 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Sector: Discussion (Resumed)
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
That sector is currently at the coalface of the insurance crisis and the issue is not even about affordability, rather it is the non-availability of insurance with the effective withdrawal of LeisureInsure from that space. As those businesses' insurance renewals come up and no policy is offered to them, they face closure. Many have closed and many more will close. Have the witnesses any hope to offer that sector that it is an area of business their firms would be prepared to consider and to write business in or is their message that until the personal injuries climate is improved they will not be prepared to consider it? What is the bottom line?
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