Oireachtas Joint and Select Committees

Wednesday, 26 May 2021

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

Developments in the Insurance Industry: Discussion (Resumed)

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Can Mr. Lyons or Mr. Power tell the committee what the premium cost is? How much is covered? Is it €1 million or €2 million? Mr. Lyons is saying that the impacts from Brexit and the contagion from the UK, etc., are going to affect housing, flats, nursing homes and factories, etc. Is Mr. Lyons telling us that housing estates or apartments that are currently being constructed are going to be affected by this and will not be able to be handed over because certification cannot be given? Is that correct?

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