Results 4,941-4,960 of 6,295 for speaker:Michael D'Arcy

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Michael D'Arcy: No, we are talking about-----

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Michael D'Arcy: It has nothing to do with the Bill.

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Michael D'Arcy: I thought the Deputy was going to talk about the Bill when he said, "Right so."

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Michael D'Arcy: No, the Deputy is not.

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Michael D'Arcy: I thank the Acting Chairman.

Insurance (Amendment) Bill 2018: Order for Second Stage (10 Jul 2018)

Michael D'Arcy: I move: "That Second Stage be taken now".

Insurance (Amendment) Bill 2018: Second Stage (10 Jul 2018)

Michael D'Arcy: I move: "That the Bill be now read a Second Time." I welcome the opportunity to address Dáil Éireann today on the Insurance (Amendment) Bill 2018, which was published on 19 June 2018. This important legislation seeks to amend certain provisions of the Insurance Act 1964, as amended, to clarify the role of the Insurance Compensation Fund, ICF, and to implement the...

Insurance (Amendment) Bill 2018: Second Stage (10 Jul 2018)

Michael D'Arcy: Deputy Mattie McGrath should not run out. He will want to hear my response.

Insurance (Amendment) Bill 2018: Second Stage (10 Jul 2018)

Michael D'Arcy: Yes, I am.

Insurance (Amendment) Bill 2018: Second Stage (10 Jul 2018)

Michael D'Arcy: I thank the Deputies for their contributions on the Bill and the general conversation about insurance. I have to say the level of ignorance of some Deputies, specifically Deputies Mattie McGrath, Michael Collins and Danny Healy-Rae, about insurance and what has happened, what is happening and what is to happen is astounding and I find it disappointing. I asked Deputy Mattie McGrath to stay...

Insurance (Amendment) Bill 2018: Referral to Select Committee (10 Jul 2018)

Michael D'Arcy: I move:That the Bill be referred to the Select Committee on Finance, Public Expenditure, Reform, and Taoiseach pursuant to Standing Orders 84A(3)(a) and 149(1) of the Standing Orders relative to Public Business.

Other Questions: Insurance Costs (11 Jul 2018)

Michael D'Arcy: The cost of insurance working group was established in July 2016 as a result primarily of the rising cost of premiums in the motor insurance market. It was clear from the working group's extensive consultations that there was immense frustration and anger with the scale of price increases in recent years and the lack of understanding as to why that was happening. A similar view was...

Other Questions: Insurance Costs (11 Jul 2018)

Michael D'Arcy: What surprised me most of all last night was the fact that although we got into a pretty general conversation, nobody discussed awards. The reason insurance is high in this jurisdiction is because of the level of awards. The Department of Finance has conducted a report in which we cross-referenced Irish awards with similar awards in the UK. The indications are that an Irish award is...

Other Questions: Insurance Costs (11 Jul 2018)

Michael D'Arcy: Anybody who says there have been huge delays is wrong. There are delays involving a number of issues. In terms of the motor insurance report, 39 out of 43 recommendations will have been concluded by the end of this year. We will have concluded 26 out of 29 recommendations of the report on the cost of employer and public liability insurance. We are down into the legislative changes. The...

Other Questions: Insurance Costs (11 Jul 2018)

Michael D'Arcy: It is never acted upon but what we want to do is put in place the pathway by which it will be acted upon

Fossil Fuel Divestment Bill 2016: Order for Report Stage (12 Jul 2018)

Michael D'Arcy: I move: "That Report Stage be taken now."

Fossil Fuel Divestment Bill 2016: Report and Final Stages (12 Jul 2018)

Michael D'Arcy: The amendment effectively replaces the full text of the original Bill, as presented by Deputy Pringle. It is based on an amendment that Deputy Pringle initially proposed on Committee Stage. It has now been agreed after extensive engagement between Deputy Pringle's office, NGOs, Ireland Strategic Investment Fund and the Department of Finance such that it sets challenging but achievable...

Insurance (Amendment) Bill 2018: Order for Committee Stage (12 Jul 2018)

Michael D'Arcy: I move: "That Committee Stage be taken now."

Insurance (Amendment) Bill 2018: Committee and Remaining Stages (12 Jul 2018)

Michael D'Arcy: Insurers are private businesses and therefore the Minister for Finance cannot direct them to absorb these particular costs. It is a matter for the insurance company whether to absorb them or not. If they are seeking market share and pricing accordingly, they can absorb them. If the Minister interfered in the pricing of insurance products, he would, in effect, be requiring insurers to sell...

Insurance (Amendment) Bill 2018: Committee and Remaining Stages (12 Jul 2018)

Michael D'Arcy: At that stage our expectation is that when the fund reaches €150 million, the levy will be reduced to 1% and take the fund to €200 million. The rate will revert to zero at that point because €200 million is the appropriate figure for the fund. In the review of the framework for motor insurance in Ireland, it was recommended that the 35% payment from industry be made via...