Oireachtas Joint and Select Committees

Wednesday, 4 May 2022

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

General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Ms Murdock said publicly that "they can't get away from" that, in reference to the commitments the insurance companies, which are members of the Insurance Ireland, made to this committee in terms of passing on reductions in awards. I remind her of what the CEO of Zurich Ireland told this committee back in October 2019. He said that if personal injuries or soft tissue damage cases reduced by 50% and insurers had not reduced their motor insurance prices by 15% and liability insurance by 20%, the committee should ask the insurance companies a lot of questions. The price of liability insurance was not reduced by 20% and instead increased.

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