Oireachtas Joint and Select Committees

Tuesday, 16 April 2013

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Property Insurance: Discussion (Resumed)

3:45 pm

Mr. Éamonn R. Downey:

On Friday afternoon, a very respected loss adjuster who does some assessing work told me that he has been asked to retain 40% directly by the insurance company in respect of a major commercial loss. The companies are chancing their arm.