Results 6,081-6,100 of 6,295 for speaker:Michael D'Arcy

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: They are good for the employment of people in our country, where we now have 2.3 million people working.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: Regarding the EII, Senator Ó Céidigh probably said it better than I can. We have too much bank lending to business in Ireland. We have the highest level, or some of the highest levels, of bank lending in any jurisdiction anywhere. Banks are the only funding source for businesses. The EII scheme is a good one. Our businesses must move away from being funded exclusively by banks....

Financial Resolutions - Financial Resolution No. 9: General (Resumed) (16 Oct 2019)

Michael D'Arcy: I have listened to quite a bit of the debate so far on budget 2020. I also spent three hours in the other House listening to the debate there. Some of the conversation about it is very unfair. In the year that is in it, with Brexit looming large over us, I would describe it as an as-you-are budget. Many more people are talking about what is not in the budget than are talking about what is...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (17 Oct 2019)

Michael D'Arcy: The single biggest issue with insurance is the level of awards. We have all seen people with low damages with a low impact on them receive substantial awards. Insurance companies in a number of sectors have left those areas because of the levels of awards. We have passed the Judicial Council Bill. The Judiciary and Chief Justice have been very helpful. The establishment of the personal...

Finance Bill 2019: Second Stage (Resumed) (24 Oct 2019)

Michael D'Arcy: I thank the Deputies who contributed to the debate. I will respond in detail to as many Deputies as possible. I want to set out again the context in which the Bill is being framed, which is, of course, Brexit. The immediate threat is Brexit and we still are uncertain as to how it will play out. We hope that the withdrawal agreement will be ratified but it is only prudent to remain...

Finance Bill 2019: Referral to Select Committee (24 Oct 2019)

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

Seanad: Nithe i dtosach suíonna - Commencement Matters: Insurance Coverage (5 Nov 2019)

Michael D'Arcy: I thank the Senator for providing me with an opportunity to discuss this issue. I extend my sympathy to all those affected by the fire and the fact the shopping centre remains closed. However, it is a relief that nobody was injured during the fire. Of course, it is less than ideal to have a shopping centre such as Douglas Village Shopping Centre closed for an indefinite period of time,...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Insurance Coverage (5 Nov 2019)

Michael D'Arcy: Insurance exists to put people back into the positions they were in before the event. I have been stringent with insurance companies. People have heard me say that insurance companies sometimes do not treat their clients properly and do not move quickly enough. While it is important that we not get caught underestimating the complexity of this individual matter, it is important that...

Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Order for Report Stage (12 Nov 2019)

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

Seanad: Consumer Protection (Gift Vouchers) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (12 Nov 2019)

Michael D'Arcy: The amendments made by Dáil Éireann involve the replacement in their entirety of sections 2 and 3 of the Bill as passed by Seanad Éireann. Acceptance of the amended sections accordingly entails the deletion of sections 2 and 3. This approach to the amendments was taken on the advice of the Office of the Parliamentary Counsel in view of the number and nature of the changes...

Seanad: Consumer Protection (Gift Vouchers) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (12 Nov 2019)

Michael D'Arcy: While the amendment of section 3 made by Dáil Éireann involves the replacement of the existing section in its entirety, sections 3(a) and (c) are similar to the corresponding provisions in the Bill passed by this House. Section 3(b) is new and will provide that contraventions of the requirement to provide information on the expiry date or period of a gift voucher will come within...

Seanad: Consumer Protection (Gift Vouchers) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (12 Nov 2019)

Michael D'Arcy: The gift voucher is in the post.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Costs (13 Nov 2019)

Michael D'Arcy: I propose to take Questions Nos. 29 and 30 together. I must correct an inaccuracy uttered by the Deputy. The cost of motor insurance is down 27% from the peak. It is important that we accept the facts. The facts are that the CSO says it is down 27% from the peak, which is progress. The impact has not been as great in areas involving direct interaction with the public such as the...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Costs (13 Nov 2019)

Michael D'Arcy: I will start where the Deputy finished. He did not hear what I said in my reply. The Judiciary will establish things in an informal way. The Judicial Council Act cannot be commenced until all of the committees are formed. That is the law as passed here last summer. With the full co-operation of the Chief Justice and the Judiciary, we hope to announce the judges designated very soon. The...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Costs (13 Nov 2019)

Michael D'Arcy: The Deputy has asked me a direct question about the personal injuries committee. The answer is that we expect the Chief Justice to have more to say about the judges designate next week. That is where we are. The Judiciary has agreed to operate informally. The law is clear. Outside of this informal operation, it cannot operate at all until all of the committees under the judicial council...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Costs (13 Nov 2019)

Michael D'Arcy: I ask the Deputy to do so please.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Costs (13 Nov 2019)

Michael D'Arcy: I am not saying that. I am saying there is something wrong in what the Deputy is saying.

Saincheisteanna Tráthúla - Topical Issue Debate: Life Insurance Policies (13 Nov 2019)

Michael D'Arcy: Last year the Department of Finance insurance policy team sought information from the Central Bank on the nature and workings of this type of insurance product. The Central Bank has advised that whole-of-life insurance policies are designed to provide consumers with life cover for their whole life. As long as the policyholder makes regular payments and the payments are sufficient to...

Saincheisteanna Tráthúla - Topical Issue Debate: Life Insurance Policies (13 Nov 2019)

Michael D'Arcy: If that elderly couple had set aside that amount of money in a deposit account, they would have been far better off. Unfortunately, on some occasions the product was the wrong type of product and it was mis-sold to people who believed that they or their heirs would at some point be able to have the benefit of the product in question. There is a solution which lies with insurance company...

Consumer Insurance Contracts Bill 2017: Report and Final Stages (13 Nov 2019)

Michael D'Arcy: I move amendment No. 1: In page 5, between lines 21 and 22, to insert the following: “ “continuing restrictive condition” means any condition, however expressed, that purports to require a consumer to do, or not to do, a particular act or to act, or requires him or her to act, or not to act, in a particular manner (and any condition the effect of which is that a given...