Michael Healy-Rae (Kerry, Independent) | Oireachtas source

Following on from the announcement last week by the Minister of State at the Department of Finance, Deputy Eoghan Murphy, and the publication of his working group's report on the high cost of insurance, I still do not believe that the measures proposed are enough to tackle the issue. We are not doing enough. Some of the proposed measures will not be introduced until the end of this year and that is simply not good enough. Families are being crippled by the astronomical costs being forced on them by insurance companies. I urge the Government and the Minister of State to do more with regard to the speed of implementation in order to help people with this very serious problem. I will give one example to illustrate my point. I know a businessman whose insurance two years ago was €10,000. He has had no claims in the interim but his insurance is now €47,000. That is totally unsustainable and the insurance companies must be brought to book in this regard.

See this speech in context