Emer Higgins (Dublin Mid West, Fine Gael)
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When we are talking about loss-making and contrasting that with headlines around profits and dividends, it is hard to marry the two. I suppose we are talking about the stabilisation of public liability in particular. The legal landscape changed in July, when we had new changes in regard to the duty of care, things were rebalanced and the risk profile changed. To quote Ms Murdock, premiums should be commensurate with risk, or that is what she said in her opening statement with particular reference to the petition around thatched roofs. I assume that statement is also about the industry as a whole. As the duty of care has been completely rebalanced since July, how are the members of Insurance Ireland reacting to implementing that change? Is stabilisation of premiums good enough when there has been this massive change from a legal perspective?