Dáil debates
Tuesday, 4 December 2018
Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions
Insurance Costs
4:55 pm
Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source
The work my Department is doing on the PIAB Bill is progressing, and the establishment of the judicial council by the Minister for Justice and Equality, Deputy Flanagan, is another important element of reform. These form part of a suite of measures taken by the Government which will help to reduce insurance claims. Other measures are also being taken. The Insurance (Amendment) Act 2018 was signed into law in July this year. It is important legislation and will address the Setanta legacy. The Central Bank (National Claims Information Database) Bill 2018 is another very important step forward for the work of the cost of insurance working group. It passed Committee Stage last month and it is hoped this Bill can be enacted by the end of the year to allow the database to be operational from early 2019. The Bill also included two amendments to section 8 and section 14 of the Civil Liability and Courts Act 2004 to implement recommendations contained in the employer and public liability report.
These measures are very important for stakeholders as, when implemented, they should make it easier for businesses and insurers to challenge cases where fraud or exaggeration is suspected.
No comments