Dáil debates
Wednesday, 17 April 2019
Ceisteanna Eile - Other Questions
Insurance Industry
11:50 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
This relates to the collapse of Alpha Insurance, a Danish regulated firm, in May 2018. The key concern relates to approximately 1,600 households which had latent defect insurance in place with the company, in policies which lapsed in August 2018 as a result of the collapse of the company. I am seeking to establish what the position is for those people. I understand that they were notified that their policy had lapsed and I do not believe it is possible for individual households to take out a new, similar policy. If the Minister would write to me in respect of the outcome of the contact he had with the company to which he referred, namely, BCR, I would be satisfied with that.
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