Results 11,101-11,120 of 26,053 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: A taxi driver has to get three quotes before they can go back to the Motor Insurers' Bureau. If, for instance, a taxi driver went to three companies, but only one quoted and let us say the quote was for €4,000, which is prohibitive, can the Irish Taxi Drivers' Federation go to the Motor Insurers' Bureau and say it is prohibitive and the federation wants the bureau to get it another quote?

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

Kieran O'Donnell: To call it straight, does Mr. Herron believe that the insurance companies have come together in Ireland in a quiet room and have said that they are going to operate as a unit here and that they are effectively changing the way they operate in Ireland, collectively as a group, to get a result for themselves?

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

Kieran O'Donnell: Okay. I wish to raise the issue of car rentals. Mr. Paul Redmond said that an insurance operator that provides motor insurance said a car rental company has seen its third-party liability costs in Ireland trebling in the past four years. How has that situation arisen in the past three years? Why are we suddenly seeing that since 2014 in Mr. Redmond's own business, as well as with ordinary...

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

Kieran O'Donnell: What does Mr. Redmond think will resolve it? What is the bottom line issue for him?

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

Kieran O'Donnell: Does Mr. Redmond believe that some of the rulings of the injuries board below a certain level, or in a particular type of accident, should be the final legal ruling on a matter?

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

Kieran O'Donnell: What is the single item that would bring down the cost of insurance?

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

Kieran O'Donnell: For one's small toe. What about a big toe?

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

Kieran O'Donnell: I do not mean to be flippant but that level of claim seems extraordinary.

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

Kieran O'Donnell: Can Mr. McDonnell restate the last point because people might not be aware of that?

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

Kieran O'Donnell: That is as long as the award is above €15,000.

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

Kieran O'Donnell: Am I right to say it goes from a controlled environment in the Injuries Board into an uncontrolled environment outside?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: I welcome the witnesses. I will follow up Deputy Sherlock's points. What type of business is underwritten by Mr. Carty's company, ARB Underwriting Limited? Does it underwrite motor insurance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: In which market does it underwrite? Is it the Irish market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: Purely the Irish market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: We represent people across the spectrum, including young drivers. The witness has access to the databases. Why have premiums gone up by 60% in some cases in the past three years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: I shall put a question to Ms Dowling. The data she is showing us appear to indicate the average level of claims with the Injuries Board and in the courts has not gone up in recent years. The level of value of claims certainly did not go up to that level. This is really the nub of the matter. We are here today because motor insurance premiums have skyrocketed for people in the past three years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: How did that compare with the return, percentage-wise, in 2012?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: I know there is limited time. Would it be fair to say, in Ms Dowling's expert opinion, that the motor insurance industry in Ireland has continued to make profits from 2013 to date when we take out the outliers like Royal and Sun Alliance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: For a layman, did they continue to make profits on the motor insurance business?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

Kieran O'Donnell: This is the nub of the matter. We had representatives from road hauliers, the taxi federation and others before us. The witnesses may have seen the presentation. I asked them the direct question of whether they believed a cartel was operating in the motor insurance industry in recent years in Ireland. They all stated categorically yes. The competition authority, about two hours later,...