Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

This morning the story broke in the news that the Competition and Consumer Protection Commission has carried out raids in conjunction with the European Competition Directorate on the offices of insurers, brokers and Insurance Ireland on suspicion of price fixing. I note and welcome this development as drivers and businesses have been ripped off for years. We recently learned that in 2015, the Central Bank wrote to the Minister for Finance, telling him insurers were giving false and misleading information, and the new Minister confirmed to my colleague, Deputy Pearse Doherty, last week that no action was taken. Currently Irish law does not allow the courts to impose any form of civil financial penalty on persons found to have breached competition law. What steps will the Taoiseach take to ensure that if wrongdoing is found to have occurred, this will not be another white collar sector of society where the law does not reach and consumers will not get justice?

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