Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

In September last year, my colleague, Deputy Pearse Doherty, submitted a report to the Central Bank into the practice of dual pricing by the insurance industry. As the Taoiseach will be aware, dual pricing is the practice used by insurers to rip off their customers with artificially high premiums when they renew their insurance policy. Earlier this month, the Central Bank completed phase 1 of the investigation Deputy Doherty had requested and it confirmed that dual pricing is widespread throughout the industry.

Today in Britain, the Financial Conduct Authority found that dual pricing overcharged customers there by £1.2 billion in 2018 alone and so the British authorities have confirmed they will ban this practice outright.

The Taoiseach will be aware that dual pricing is banned in more than 20 states in America and today, Britain follows suit. Will he support the legislation that Sinn Féin has brought forward and do the same? Will he ensure the dual pricing is ended in the insurance industry?

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