Michael Moynihan (Cork North West, Fianna Fail) | Oireachtas source

There are various commitments given in the programme for Government and various others outside it to address the rising cost of insurance. The Tánaiste's colleague, Brian Hayes, MEP, took a cut off the Department and the Minister for Transport, Tourism and Sport on the issue of motor insurance. Businesses across the country are facing increased insurance costs. People are considering the viability of their businesses because of the cost of insurance, particularly in areas where there is a large footfall. We will debate section 39 organisations later today. St. Joseph's Foundation in Charleville has seen its insurance costs increase from €100,000 to almost €500,000, which is incredible. No decisive action is being taken by the Government with the insurance industry which is crippling householders, businesses and section 39 organisations.

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