Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

Ironshore had been offering very low-cost insurance to some providers. That firm is now out of the market. Allianz is still there, offering insurance to childcare providers at an average cost of €60 per child per year. It has already offered insurance to 869 of the 1,300 providers formerly covered by Ironshore, and is willing to make offers to others within 24 hours. I am confident that this situation is under control and will be resolved. I totally understand that parents are worried, as I acknowledged earlier. As the Deputy said, some of them may even be panicking. It is our job not to cause them to panic or add further worry. That is why we should be factual in our comments and not add to parents' concern, anxiety and worry at this time of year. This is being dealt with.

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