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Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: I will not leave out Waterford either. We all know that this has a significant impact on many communities, both rural and indeed urban, in Dublin and outside Dublin. We know the many challenges that so many SMEs have experienced in recent years with economic shocks from the Covid-19 pandemic. Many business representatives I have met in recent months cite the supports. People talk about...

Report of the Select Committee on Budgetary Oversight: Motion (27 Jun 2024)

Neale Richmond: I welcome the opportunity to speak on the motion and thank Deputy Ryan, in particular, for proposing it and providing context for this very important debate. I thank the members of the budgetary oversight committee, especially those who are present for this debate on a Thursday evening, for compiling the report following their examination of the report of the Commission on Taxation and...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (4 Jul 2024)

Neale Richmond: Two years ago, the Deputy was demanding an early budget.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (4 Jul 2024)

Neale Richmond: The question was on diesel prices.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: I take this opportunity to wish the Minister, Deputy Chambers, all the best in his new role. So far he has proven to be a very understanding and kind boss and I hope that continues for the next few months of the Government. I thank Deputy Doherty for the question. Insurance reform remains a key priority for the Government and the reform agenda has been set out via the action plan for...

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: As Deputy Doherty knows, not every ECOFIN Council is the same. Agendas are different. We all know that we are at an acute time in the European legislative calendar. It is not fair to cite two previous examples. They are not all the same.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: To address the clear point of the question, in 2021 Deputy Doherty introduced a Private Members' Bill, the Judicial Council (Amendment) Bill, to the Dáil. At its core, this would require insurers to provide information to the Central Bank of Ireland on the impact of personal injuries guidelines through amendment to the Judicial Council Act. On 30 May 2024 Deputy Doherty informed the...

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: I absolutely agree with the Deputy that we need to hold them to account and that we need to see downward pressure on prices. The Deputy cited CSO figures. I note that CSO figures, when compared with those from 2019, have gone down exactly 39.6% in motor insurance alone. We have the NCID data, which is the most robust form, that shows a consistent decrease in the price of insurance since...

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: An awful lot more to do and I very much want to work with the Deputy on this.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: I look forward to seeing the survey he said he concluded. Let us talk about that next week to see what we can do.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: We are just starting to see the returns now and it is going the right way.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: Motor insurance has.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: The Deputy used CSO figures and 39% is drastic.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: They are the figures the Deputy used himself.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: I move amendment No. 1: In page 8, to delete lines 1 to 3 and substitute the following: “ “voluntary winding-up proceedings” means collective proceedings which are solvent as construed in accordance with the definition of “winding-up proceedings” in Regulation 270 of the Regulations of 2015;”. If it pleases and is agreeable to the committee, I...

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