Results 5,221-5,240 of 6,295 for speaker:Michael D'Arcy
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: That is fine, and I accept that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: I am looking at the opportunity-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: -----to introduce a pilot programme to try to reduce the cost to professional drivers. Taxi drivers are professional drivers and they are a higher risk. Those are the facts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The deployment of resources in the Garda National Economic Crime Bureau is a matter for the Garda to decide as it sees fit. Through section 14 of the Central Bank (National Claims and Information Database) Bill, we are trying to improve the opportunity and pathway available to judges in the civil court in cases where they suspect there is fraud and exaggeration. There have been, I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: No, I do not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Deputy Doherty said he wanted to establish a new section and he also-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: I do not instruct the Garda on what it must do or how it should investigate these matters. We have the proposals and I have written to Commissioner Harris who has replied. The Commissioner is getting his feet under the desk and I do not want to be a burden to him. He has serious issues to deal with. For example, we are all aware of what happened in Drogheda in the past couple of days. I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: He did not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The Deputy is trying to say it is all wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The Deputy is trying to-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Excuse me. The Deputy is wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The Deputy is ignoring that 62 of the 78 recommendations have been implemented. We have done a lot of good work. We have improved the sector. The flow is in the right direction, but the Deputy wants to say it is all wrong. That is not the case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: That is the industry average for motor insurance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Every premium taken out by an individual is a matter for him or her. The Senator can describe it as being ripped off if she likes, but companies have different pricing arrangements. We recently did a mystery shopper exercise with insurance companies. Insurance with some companies costs twice as much as with other companies because of the way in which they price it. The Senator can call it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: I have.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Sorry, but the Senator should not misrepresent this. The 23% is the calculation by the CSO on the basis of the entire industry of an average reduction. If somebody is applying for a new premium 12 months later in exactly the same circumstances, there should be a reduction. Companies have different pricing models and are stronger in certain markets than in others. Some companies are averse...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: I have to disagree with the Senator. The figure that was used for the increase was the same figure that we are using for the decrease. As people saw their premium increasing, and it was calculated on that basis by the CSO, the same figures were being used for the decrease. Let us not tiptoe around this. We have 62 out of the 78 recommendations concluded. Some of the remainder will not...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: No. What I am saying is the 23% reduction is because of the 62 recommendations and all of the work we have been doing by analysing this sector. There will be a further decrease when we establish the national claims information database and the judicial council. The first piece of work that the judicial council should do is, following on from the PIC report, is recalibrate the book of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: I ask the Senator not to be glib about all of this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: She is.