Eoghan Murphy (Dublin Bay South, Fine Gael)
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I am not in a position to make demands of any insurance company about how it prices its products. The Government cannot interfere in the pricing of insurance products because that would go against EU law. What we both understand from the insurance industry is that the Setanta ruling was a serious problem for it in the context of the uncertainty in the market in the future. That uncertainty was having an impact and leading to increases in the cost of insurance premiums. Now that the uncertainty has been removed, there should be a reduction in premiums for motorists through the country.