John Halligan (Waterford, Independent) | Oireachtas source

In my initial response, I did not get the opportunity to state that the other groups we met included the Bar Council of Ireland and the Law Reform Commission. We were seeking the co-operation of all of those groups in advancing the implementation of the recommendations in the report that are relevant to them. My officials have met the Minister of State, Deputy D’Arcy, and other stakeholders to discuss the high cost of insurance for business and consumers and the work of my Department in this regard. The cumulative effects of the implementation of all the recommendations from the two reports of the PIC, alongside the reports of the cost of insurance working group and the measures contained in the Personal Injuries Assessment Board (Amendment) (No. 2) Bill 2018, will bring greater consistency and predictability to awards, faster resolution of claims and, ultimately, a reduction in insurance premiums. If we can get to that stage, and if we deal with those issues, that will bring down the cost of insurance and benefit consumers, businesses and society as a whole.

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