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:

We would support that. That is why we called specifically for a review of the law of negligence because too many claims are being paid out. There are two significant problems, first, the cost of the claims in this country, which is 4.4 times that in England and Wales. That has been validated by the excellent work of the retired judge, Mr. Nicholas Kearns. Second, an additional problem for the groups the Senator speaks about is the sheer frequency of claims and the fact that every accident now requires compensation. It is part of the "compo" culture. We are calling for a fresh review to determine what can be done so that payments are made only where actual negligence happens. That is critical to help in that area.

Comments

No comments

Log in or join to post a public comment.