Dáil debates
Tuesday, 10 February 2004
Insurance Industry.
3:00 pm
Mary Harney (Dublin Mid West, Progressive Democrats)
I have concentrated on the implementation of the recommendations which would reduce price, such as the establishment of the PIAB, the introduction by the Minister for Justice, Equality and Law Reform of the court and civil liability Bill, which was cleared at Cabinet today, and the introduction of the penalty points system and other road safety measures. We have concentrated on the areas which can bring about the biggest reduction in premia costs. Many of the recommendations refer to transparency and information and they have, in the main, been passed on to the IFSRA. I do not expect a rise in insurance costs but a further and substantial decrease.
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