Dáil debates

Wednesday, 5 July 2017

Ceisteanna - Questions (Resumed) - Priority Questions

Insurance Compensation Fund

2:20 pm

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I will give a commitment that I will work with everybody to achieve the best possible result. However, the information we have is clear. If the Government attempts to step into the conversation at this stage, potentially the liquidator could reduce the amounts it will make available to claimants. The Government would then subsequently have to pick up a further amount. I would not like that to happen.

We will see what the amount is when the new actuarial process has concluded. We have given a commitment that we will review the matter and do the best we can for those caught up in this. There are over 1,500 cases. Of these, 324 will move quickly over the next couple of months. That is the start of the process. The Government could not do anything until the Supreme Court case was over. It is now over and we are keeping matters under review.

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