Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

This issue came to the fore when the Department conducted an investigation into storm damage claims. On too many occasions, insurance companies did not pay out all the agreed amounts. That is not acceptable. I welcome increasing the thresholds from €20,000 to €40,000 and I can accept the amendment.

The claims from Storm Emma and Storm Ophelia were analysed. Brokers stated that, on some occasions, up to 25% of the claims presented did not have not the full amount paid and that the retention amounts were never drawn down. That is not acceptable. If there is evidence of this continuing, I will not be slow in adjusting the thresholds again.

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