Mr. Peter Boland:

With all due respect to the insurance industry, and we all acknowledge it has to make a profit, the High Court challenge applies equally to motor insurance. Companies are in a position to give reasonably substantial discounts at this stage to private motorists. When it comes to liability insurance, the industry is, frankly, running out of road with respect to the excuses it has put forward. The Oireachtas is delivering on what it said were the issues. We heard the mantras about claims driving costs. We heard that fraud was a massive issue. That has been addressed. We are not seeing delivery on the back of those commitments that the Government has followed up on.