Dáil debates

Tuesday, 27 September 2016

Topical Issue Debate

Motor Insurance Regulation

6:30 pm

Photo of Mattie McGrathMattie McGrath (Tipperary, Independent) | Oireachtas source

I thank the Ceann Comhairle for accepting this Topical Issue, a vitally important one that affects every village, hamlet and home not only in Tipperary but in Ireland today. I question why it has taken the Competition and Consumer Protection Commission so long to initiate action on what has been an outstanding, urgent and clear case of market manipulation within the car and vehicle insurance sector.

I highlight the language that this authority - one of these quangos - has used in a statement in announcing the issuing of summonses, in particular its view that industry participants openly signalling upcoming increases may result in a degree of unspoken co-ordination. Did one ever hear such bunkum? We know that every young person, every pensioner and every family car owner is being screwed backwards by insurance companies and we get this timid language from this quango. I would like to know the cost of the quango and who is paying its insurance or if it is insurable because it is worthless, toothless and useless.

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