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)
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
May I take it the witness is rejecting the main assertion, which is the interaction, price signalling and collusion, both privately and publicly, between the named seven firms? Do the witnesses reject the CCPC's initial findings? They are aware that the next option for the CCPC is to begin civil proceedings, unless under section 14B of the 2002 Act assurances are provided by the companies that the type of behaviour it found will not be engaged in again. Is the central argument of the companies that they reject the idea that AIG or AXA were involved with this type of practice?
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