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

I thank the Minister of State for his reply. The system has failed the people in question. Of course, the company itself failed the people and has principle responsibility. The system of regulation and also the State failed them. Those involved have had their lives put on hold due to accidents, some of which happened well before the liquidation of Setanta in 2014. Some involve serious injuries and the Minister of State knows of one particular case in which fatalities were involved. There are court awards of which not one cent has yet been paid. This is fundamentally unfair.

We need to hear something new from the Minister of State. I have not even heard him or the Government say that it is their objective that these people will get 100% of their claims met. We know 65% of claims will be met from the ICF, while the liquidation process will deliver some surplus, perhaps meeting up to 30% of claims. Will the Minister of State meet with the insurance industry to agree a way of ensuring the claimants involved will get 100% of their claims met?

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