Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

A number of key achievements have already happened in the past few months since we went into government and as a result of the Action Plan for Insurance Reform. We established a new office to promote competition in the insurance market which I chair. That entails meeting the individual companies which operate in the State to ask them to increase their risk appetite. That means for them to go into sectors in which they are not currently.

I have met with some companies that have already withdrawn from certain sectors of the Irish economy because of the unpredictable nature of awards. The personal injury guidelines that were published about four weeks ago are introducing certainty. The original book of quantum operated by the Personal Injuries Assessment Board, PIAB, will now be replaced by these judicial guidelines. Just last week, this House and the Seanad passed those new guidelines into law and they will be commencing very shortly.

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