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

The CEO of Zurich might come in here and state:

Folks, listen, we have been losing money here. When you reduce awards by 42%, you know what we are going to do? We are going to keep that money to boost our profits because we made a loss in the past. Maybe if you introduce other reforms down the road, we might pass that on to consumers, and probably, by the way, we are going to increase prices instead of decreasing them on businesses, community groups, sporting organisations, festivals, and organisations that cannot even trade anymore because of insurance.

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