Seán Fleming (Laois-Offaly, Fianna Fail)
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We covered that when discussing the company which was most recently found not to have adequate reserves. That company no longer exists. It has been taken over and other people are running the business. I compliment the company that took over the business. It has been the most keen on helping young drivers under 25 years of age. It concentrates on that market, which is good. I hope it continues in that way. The cost of insurance for young drivers is a big issue but that cost has been coming down. I have met representatives of many youth organisations and they have said that, while it remains a big issue, the costs have been coming down. The first year of insurance can be very dear but many young people have said that, by the second or third year, the cost comes down. I hope this company, which is strong in that market, continues to do as it is doing but I also want more competition. We all know that if a company makes bad investments or does not follow Central Bank regulations and ends up going to the wall, we all end up paying for it.