Results 81-100 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: The association's members have not compiled one.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Is there an understanding in the industry that there has been an increase in accidents, claims or events that cause insurance companies' costs to rise? It has become evident from our deliberations up to now that everybody feels our vehicles are getting older and that we, as drivers, are getting older and more experienced, yet all our premiums are increasing. There is no change in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: I do not think we can blame the country for being competitive-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Ms Murphy's point is very well made and we had not heard it until today, which is good. We heard from ISME, IBEC and the Small Firms Association last week, as well as the AA, the young drivers and Age Action, but nobody was talking about that. We saw how deregulation in the airline industry worked. It was very much driven by Europe back in the 1990s. It has not happened here at all and Ms...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: My next question was going to be whether Ms Murphy feels - I will be asking the question of all the witnesses - insurance companies are soft on claims-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: -----and easy on settling.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: I thank Ms Murphy. Mr. Redmond referred in his submission to the "self-insured". Is the industry basically dealing with claims itself or does it have insurance companies dealing with them on its behalf? How does that work?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: The excess for a car rental company could be ---

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: --- so they are getting stuck with an awful lot.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Clearly, as Mr. Redmond outlined earlier, the car rental sector is a very important part of the economy in terms of visitor numbers and the fact that there were over 300,000 individual transactions in the first six months of this year. In his submission, Mr. Redmond referred to foreign criminals coming into Ireland. Are they coming here, renting cars and then crashing them or are they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Mr. Redmond also referred to multiple-injury claims. Is he saying that they put five people in the car and then, at a slow speed, crash it into a wall?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Is that happening on a wide scale? Are there hundreds or thousands of such cases per year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: If the witnesses were sitting on this side of the room, as committee members, what questions would they put to the representatives of Insurance Ireland when they appear before this committee? The data sharing issue is one that has been raised over and over again. Many witnesses have spoken about the lack of transparency and visibility. We have been told that 70% of claims are being settled...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Are they co-operating so far?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Mr. Redmond said that he was a member of the Motor Insurance Advisory Board, MIAB, in the past. It seems to me that we have done all of this before, multiple times and are now back to square one. We have implemented over 50 of the 67 recommendations in the last report and yet we still have very significant claims being paid out constantly. We have anecdotal stories of people going down to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Would Ms Murphy support an investigation by the Competition and Consumer Protection Commission here or the EU Commissioner for Competition-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: -----to look at the Irish motor insurance industry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: I thank Ms Murphy. I would like to pick up on Mr. Herron's observation that taxi drivers cannot get insurance without experience and cannot get experience because they cannot get insurance in the first place. I presume that will lead over time to a reduction in the number of taxi drivers, as people get older and retire. Mr. Herron mentioned earlier that there are almost no new entrants...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: Does Mr. Herron think that claims are increasing, either because passengers who say there was an incident are claiming off taxi drivers' policies or because taxi drivers are incurring greater levels of incidents and claims than before?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Gerry Horkan: I do not want to put words in his mouth but would Mr. Herron's members feel that the insurance industry is soft on settling claims?