Dáil debates

Wednesday, 24 November 2021

Ceisteanna ó Cheannairí - Leaders' Questions

 

12:32 pm

Photo of Michael LowryMichael Lowry (Tipperary, Independent)

A wider solution to the issue of liability claims awarded by the Irish courts is needed in the long term. I notice that recent measures have resulted in reports that insurance payouts have reduced by 40%, yet the insurance companies remain staunchly rigid when determining risk. As a direct result of lack of insurance cover, horse sports face the immediate threat of extinction. This will have a serious social and economic impact on everyone involved in the sport.

Insurance companies have made massive profits for the past two years. A lower claim base caused by reduced activity due to Covid restrictions has given them a financial bonanza. They have intensified their cherry-picking and as a result, increasing numbers of sectors cannot get insurance cover. This is having enormous consequences for our economy and the cultural and sporting life of the nation. I ask the Taoiseach to ensure his Minister of State with responsibility for insurance intensifies his efforts to get some result on this from the insurance companies.

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