Oireachtas Joint and Select Committees

Wednesday, 8 March 2023

Joint Oireachtas Committee on Transport, Tourism and Sport

Motor Insurance and Uninsured Drivers: Motor Insurers' Bureau of Ireland

Photo of Ruairi Ó MurchúRuairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

I am not giving out about it. The law is set up as it is, and the costs are the costs. I assume due diligence is done in order the MIBI gets the best bang for its buck. However, the fact is we are paying out €70 million and getting €500,000 back. Mr. O'Brien states that even this is at a cost of about €250,000.

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