Oireachtas Joint and Select Committees

Wednesday, 15 December 2021

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

Insurance Issues: Engagement with Insurance Companies

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I have a final question, although I will speak again later if time allows. I have read the policy I referenced. Not the master copy, though, because the GAA will not give it to the clubs. It seems that AIG will not give it to individual clubs either. There is nothing in the policy saying that clubs cannot claim and nothing to suggest anything other than each unit of the GAA is individually insured. The clubs have not been individually advised of their right to claim. I ask that AIG address this through Marsh Ireland and whomever the former deals with in the GAA.

AIG changed the cap applicable to this sort of claim to €5 million in November 2019. This relates to business interruptions owing to diseases such as Covid and the like. Unless AIG had a crystal ball, I wonder how it managed to guess so correctly when the first cases were just three weeks away.

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