Results 5,361-5,380 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: I am on the record as saying so for quite some time. Again, the matter must be discussed with the Garda Commissioner.
- 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 hope to meet the Garda Commissioner before Christmas.
- 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 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: I made the point on the previous occasion that I presented here that I did not think it was appropriate for the previous Garda Commissioner, who was an Acting Commissioner, to make the decision. I think that was appropriate as well.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: They are not published but they are in line with what we had on the cost of insurance legislation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: On 29 November when we will have the Committee Stage debate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We have analysed sections 25 and 26. In terms of perjury, the sanction is less in the Bill proposed by Senator Ó Céidigh than it is in this Bill.
- 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, it is separate. Deputy Kelleher's legislation specifically seeks to establish an insurance fraud. There is a difficulty in terms of sections 25 and 26.
- 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 Civil Liability and Courts Act 2004. The difficulty is that one has the civil courts with a criminal sanction, which creates a problem and I am not sure it can be overcome.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We have analysed sections 25 and 26 and found the sanctions to be sufficient. The sanction in section 25 is ten years in jail or a fine of €100,000 or both.
- 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 issue has been the referral pathway from the civil court where the independent person is a justice of the State. In a civil court if that person suspects fraud then it is not for the Director of Public Prosecutions, DPP, to investigate but the Garda. Another issue is the crossover between the civil courts and the criminal courts. We have improved the pathway and expect that the pathway...
- 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 made the point that the era of insurance fraud and insurance exaggeration being a one-way bet is coming to an end. It will come to an end and people who are chancing their arms will be sanctioned. As I said, the sanctions are sufficient. They are actually higher than those proposed in Senator Ó Céidigh's Bill.
- 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 not sure it can work.
- 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 Senator says there is no cost, but there is if the matter goes to court.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: There is an issue but it has to be said that not all claims are fraudulent or exaggerated. While we speak a lot about fraudulent and exaggerated claims, most claims are legitimate. The biggest issue in respect of insurance is the level of awards for lower level claims. That is the bigger issue by a country mile. While I know people want to talk about the fraudulent or exaggerated claims,...
- 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 put that question to all of the insurance companies and they all say that their analysis and data show that cars aged ten years or older produce higher claims.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: There are a multitude of reasons. They tend to be driven by older drivers, but also younger drivers. There are a number of other factors. They have also said that older vehicles may present a greater risk of injury due to their lack of safety features. New cars with airbags and new technology tend to suffer less damage. The costs are also higher.
- 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 area is not part of our remit. Part of the national claims information database will involve analysing how much of an award gets to the claimant. The hope and expectation is that the knowledge and information arising from the national claims information database will mean that people will be more likely to settle through the PIAB due to awards being lower. They will not see it as...
- 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, we have lost four in the past six or seven years.