Oireachtas Joint and Select Committees

Tuesday, 29 May 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion

4:00 pm

Photo of Gerry HorkanGerry Horkan (Fianna Fail)
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I have a final point on that issue. Before an insurance company settles, should there be an onus on it to go back to the insured person and let him or her know? We have sometimes heard of a claim against a business - a sprained ankle for example - being settled for €15,000 or €20,000 to get rid of it. The publican, restaurateur, supermarket owner, takeaway owner or whoever wanted the claim to be fought because it had no hope but often it is not. Should the insurance company not have to go back to its client because that client will be billed with a higher premium by the company in the future to recover the costs paid out?