Dáil debates
Thursday, 8 July 2021
Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
1:00 pm
Willie O'Dea (Limerick City, Fianna Fail) | Oireachtas source
The Minister will be aware of the dramatic reduction in personal injury awards over the past two months by as much as 50%. He will also be aware that that reduction is a result of actions taken by the Government, which took a long time and encountered ferocious opposition. However, insurance premiums have not reduced commensurately. The idea behind bringing down personal awards was that premiums would be reduced and that these savings would be passed on to the consumer. What is the Government's proposal to compel these insurance companies to pass on these savings to the consumer, which has always been the intention?
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