Oireachtas Joint and Select Committees

Thursday, 21 November 2019

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

Dual Pricing for Insurance: Discussion (Resumed)

Photo of Anthony LawlorAnthony Lawlor (Fine Gael) | Oireachtas source

I thank Mr. O'Leary. I would like to return to my questions to Mr. Hassett. There are four legs to this chair: the number of awards being paid out, the legal costs, the fraudulent claims and the profits of insurance companies. Earlier, Mr. Hassett provided us with the following figures for 2014-2017: the Courts Service, €141 million down to €85 million and PIAB €281 million up to €315 million. The number of claims decreased by 2 million over the period yet the total awards increased from €1.1 billion to €1.3 billion. A large number of claims must have been settled outside of the courts. Perhaps Mr. Hassett would elaborate on the reason for this.

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