Results 20,001-20,020 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: Ultimately, until we get to a point where the court awards just match the PIAB awards, people will continue through the journey.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: That is the bottom line.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: We got all the numbers for turnover and profitability given by the witnesses earlier. Are there inter-company flows of management charges with the companies' international groups, which the figures given would be net of, which would impact on the figures presented to us?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: Those figures are not distorted in any way-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: ----- by flows internationally within the group.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: Let us be very clear on that. Finally, do any of the witnesses' firms offer insurance to the leisure sector, in particular bouncy castle businesses, outdoor activity centres or playzones? Are any of witnesses' firms offering cover in that space?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: I assume it is similar for AIG and Zurich and that they are not operating in that sector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: That sector is currently at the coalface of the insurance crisis and the issue is not even about affordability, rather it is the non-availability of insurance with the effective withdrawal of LeisureInsure from that space. As those businesses' insurance renewals come up and no policy is offered to them, they face closure. Many have closed and many more will close. Have the witnesses any...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: How would Mr. Quinlan's firm do that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: To be clear on this, are any of witnesses involved in any discussion or process at industry level currently to ensure there is the supply of insurance cover to that sector?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: There is nothing under way in which Mr. Quinlan is involved through-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: On the timeline for the key reform all the witnesses are seeking - they have all pointed to the awards being the key issue - we have been teasing this out in the Oireachtas during Question Time with the Minister for Finance and so on but I am not filled with confidence that this will happen quickly. There are still sections of the Judicial Council Act that have not commenced. As to when a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: That is where it is at.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: In the context of Brexit - I am sure all of the witnesses' firms have their regulatory status in order and so on - do the witnesses envisage there will be any dislocation in terms of the insurance market here in the event of a no-deal Brexit at the end of October? We have replies to parliamentary questions that show there is a number of firms that have not aligned their regulatory status...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)
Michael McGrath: I thank the witnesses.
- Financial Resolutions - Budget Statement 2020 (8 Oct 2019)
Michael McGrath: This is not a time for politics as usual. Fianna Fáil has afforded the Government the time and space to focus on delivering the best possible Brexit outcome for Ireland. That was, and remains, the right approach for the largest Opposition party given the enormity of what is at stake. Our decision to allow a fourth budget to pass should not be misread as some kind of endorsement of...
- Financial Resolutions - Budget Statement 2020 (8 Oct 2019)
Michael McGrath: There will be checks if there is no-deal Brexit but we have no clarity as to what they will look like, where or what checks will take place and how long these checks will take. We still have no idea how the major ports around our country will deal with the increased number of checks, the backlogs, the delays and how the trucks and containers will be handled. Will we see ships queuing...
- Financial Resolutions - Budget Statement 2020 (8 Oct 2019)
Michael McGrath: With the limited space available in today’s budget – as a party, we have focused our discussions with the Government on securing progress on certain key priorities. We are pleased that today’s budget includes an additional 700 members of the Garda working in communities across the country; a €100 million fund for the National Treatment Purchase Fund, NTPF, to...
- Financial Resolutions - Budget Statement 2020 (8 Oct 2019)
Michael McGrath: Time is running out for the Government.