Oireachtas Joint and Select Committees

Thursday, 3 October 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Insurance Sector: Discussion (Resumed)

Mr. John Farrell:

I would add that in our statement we called for two principal measures to be taken. We called on the Minister to sign the proposed judicial council into effect immediately without any further delay. We also called out the additional problem people face in the small and medium enterprise market where the issue is not only the size of the awards but the automatic entitlement to compensation. That is the "compo" culture. We have seen examples of that where a person can sit down at a table in a restaurant and simply knock his or her knee off the leg of a table and get an award of thousands of euro. We are calling for the law of negligence to be reviewed to ensure it is put back into a more affordable and sustainable area where genuine negligence is compensated for but simple accidents are not.

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