Oireachtas Joint and Select Committees
Wednesday, 26 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion (Resumed)
Mairéad Farrell (Galway West, Sinn Fein)
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I am asking about increases in other costs that might impact the sector. For example, we know of the massive increase in PI insurance cover to €65,000, which companies will not be able to pay as to do so would make their businesses unviable into the future. Have there been similar significant increases in costs in other areas? It is important we would be aware of any such increases in costs in order that we can address all of the issues going forward.