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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I would never have guessed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Have you-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I do not want to get into that now. I want to focus on the reasons we do not have companies wanting to come to Ireland. I want to know why, despite Insurance Ireland's best efforts, they do not respond or come here. Ms Murdock is saying that the cost of regulation is one of the obstacles. Has Insurance Ireland discussed that with the Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Will Ms Murdoch provide the committee with a written explanation of the cost of regulation and what it means? This is so that we can put words around what is generally bandied about or said about the cost of regulation. All of Insurance Ireland's best efforts, according to Ms Murdock, have failed to attract companies to come in. Apart from the cost of regulation, will she set out for us in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I am talking about the basic act of attracting someone in to provide motor cover, public liability or anything else.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I do not want it clouded with global issues.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I am interested in the customers in Ireland who are telling me that they pay too much.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: The Central Bank is at fault there.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Has Insurance Ireland called the Central Bank out on that? We have met the Central Bank and shared these views with it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Whom did Insurance Ireland meet there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Will Ms Thornton give us a general note on it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I ask her to include whom Insurance Ireland met in the Central Bank. I ask the witnesses to move onto the next obstacle these companies see when coming to Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Is the size of the market an issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Do companies ever mention Deputy Doherty?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: Are they getting all of that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: We can deduct from that. The Deputy asked a question and I want to follow up on it. I will move to the internal workings of the group. Does Ms Murdock just accept the information from her members on any issue, for example, on how much each insurance company spends on legal fees? If she gets that figure, is she able to ask them why the figure is so high and what is the cause of that? Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: No. I am asking Ms Murdock what she asks her members. In every group of members, regardless of who they are, there will be those who will fleece a customer, those who might be helpful to a customer, those who might take short-cuts or those who might use an illegal angle to bully somebody out of a claim. When Ms Murdock sees something odd like that happening, is it the type of organisation,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: No. I am just asking. Does Ms Murdock talk to her-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: I am not asking Ms Murdock to talk about individual cases. I am asking her the question because I have come across cases where, in the context of trying to resolve the issue, it has cost more money in legal fees than the solution would have cost. The insurance company and its legal representative do nothing more than use their legal muscle to bully the person who is making the claim off the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

John McGuinness: What are they?

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