Results 261-280 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I thank Mr. O'Leary.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I do not wish to get overly bogged down in the inner workings and revenue streams of Insurance Ireland but it is relevant to much of what we have been discussing. This is our fifth day of hearings and the witnesses have probably sat through almost as much of it as we have. The industry is not regarded kindly by many of the people who were in here. We are here trying to represent the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: A total of 17 staff. What are the revenues from the various activities? I presume it is public information. Is it millions or billions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: So Insurance Ireland spends €4 million from its members between membership fees and charges for the various databases and then the money is spent running the organisation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Are all the motor insurance databases in the country that exist or that co-ordinate data run through Insurance Ireland? I refer to the information on penalty points. Please forgive me but I would have thought there was some Garda database of penalty points where the penalty points are recorded by the Garda and presumably by the GoSafe cameras and it goes into a State database to which the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I have no problem at all with Deputy Sherlock’s intervention. Almost every commentator talked about the lack of clear data, the lack of explanation and the lack of visibility in terms of what is going on in the motor insurance sector. We can see the personal injuries information in the Injuries Board and we can see what is going through the courts system. That is only 30% of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Where?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Can they work out from those statistics whether the motor insurance industry is profitable or loss making? I know we saw the figures that said insurance companies generally are losing €20 to €30 per €100 of premium paid. That statistic was quoted to us earlier in the hearings but I have not had an opportunity to study the statistics. It appears to me that many of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I did not say that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Neither of those figures is anywhere close to 70%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: What are the barriers to delivering that because we had Conor Faughnan in last week telling us that the ANPR recognition system that was installed in all the Garda vehicles is virtually useless because one in four hits they were getting for a car that was neither taxed nor insured was producing data that was not correct. For example, the Garda got a flag of a vehicle that was not insured and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Is the data it is getting inaccurate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Is it not a real-time database that is constantly updated or is there a backlog of a month or a week's processing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Some 25% of their hits were inaccurate. One in four of us is not switching on a daily basis.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: They have had more than one claim.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I am sorry. Whose database is the penalty points database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I am conscious of time. If somebody says they do not have penalty points when, in fact, they do, are they then penalised on their premium for telling lies?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: I accept that but I am talking about when the insurance company is raising the premium. One is putting in one's application and being quoted a figure and perhaps one is refused because one has denied that one's penalty points exist. How does that work? For those people who have told the truth and will suffer the consequences if they have penalty points, there should be some deterrent to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: They do that anyway. Is there any penalty for having told a lie?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
Gerry Horkan: Without the data.