Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The recent collapse of Setanta Insurance left approximately 75,000 policyholders out of pocket. It subsequently transpired that the company is regulated in Malta, rather than Ireland. This is the third serious case involving an insurance company in recent years. Royal Sun Alliance was found to have under-provided for future claims and an issue also arose with regard to Quinn Insurance. The Government has promised an insurance Bill which will, I hope, strengthen protection for insurance policyholders. Will the Taoiseach indicate when the Bill will be introduced and whether it will address the issue of providing consumer protection for policyholders who have been found to be vulnerable?

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