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

The European Commission yesterday announced an investigation into the insurance industry in Ireland. Two Primate Members' motions have also been passed by our party regarding this issue in the last year. It is now time that the Government, and everybody, took this issue seriously. There has been much talk about what is being done, yet evidence of rising costs has been produced on the floor of this House in recent weeks in respect of summer festivals and voluntary groups setting out their stalls for events. The insurance industry is choking the country. I know of an example where one person's insurance has gone from €1,000 to €24,000 in a specific area over four years. That is crazy. I do not believe the Government is taking this whole issue of insurance seriously. It is time that it did.

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