Oireachtas Joint and Select Committees
Wednesday, 9 July 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Collapse of Setanta Insurance: Central Bank and Department of Finance
2:55 pm
Regina Doherty (Meath East, Fine Gael)
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The company was liquidated in April 2014. What steps are being taken by the insurance compensation fund, ICF, to ensure people who lodged claims against the company will not end up with a loss arising from those claims? I understand some claims were lodged long before the firm went into liquidation and there have judgments in some cases. Will those people be treated separately when it comes to the operation of the Irish compensation fund? Will they still have to go through the liquidation process?