Seán Barrett (Dún Laoghaire, Fine Gael) | Oireachtas source

The Minister of State, Deputy Eoghan Murphy, is carrying out a review of the motor insurance industry. A very serious matter has come to my attention regarding to a company called Setanta that has gone into liquidation. This company was registered in Malta but never carried out any business there. It came into this country and, under EU regulations, was allowed to trade here. The amount in outstanding claims is almost €90 million and it is being proposed that this should be taken from the Motor Insurers Bureau of Ireland fund, which was set up to protect those who were injured by people who had no insurance. The raiding of this fund is outrageous. I ask the Taoiseach that before the Minister of State, Deputy Eoghan Murphy, produces his report, the House should engage in a full debate about what is happening in the motor insurance industry.

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