Results 13,421-13,440 of 26,081 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: What does that mean?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: At present.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: What would that have been in previous years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: That means to cover overheads and margin the company is working off a 22% base.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Only 22 cent of every euro of every premium is available to cover overheads and to make a margin.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Why does it take so long? Why does it take three or four years to deal with a case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Mr. Cahalan does not believe the PIAB is working.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: What percentage of the cases taken against FBD on behalf of policyholders is settled by the board?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: What percentage of the remaining 94% of cases is settled outside court and in court?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Consider the delays of three or four years. If someone makes a whiplash claim, both sides can request consultants or others to carry out an examination and produce a medical report. Why does it take so long? Does such a case go in and out of court? Are there adjournments? What is the process that makes it take so long?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Finally, Mr. Cahalan said 78 cent in every euro FBD takes in goes towards claims. Regarding the breakdown between the claim and the legal fees, he is saying legal fees are now on average 50% of the value of the claim. Am I correct? Therefore, if a claim-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: On average.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Is Mr. Cahalan telling me, then, that the breakdown of the 78% is about 60:40. I am bringing it down-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Then, Mr. Cahalan is saying-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: On average, how long does it take to settle a claim, even if it does not go into court? Is it three years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)
Kieran O'Donnell: I have a number of questions for Ms McEvoy, Mr. Tobin and their colleagues. My first question is twofold. Is the directive as proposed by the EU Commission quite similar to what is in operation in Ireland at the moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)
Kieran O'Donnell: Who will regulate the funds if the directive is implemented through the whole EU? The EU Commission has stated:The proposed Directive defines the activities of credit servicers, sets common standards for authorisation and supervision and imposes conduct rules across the EU. It means that operators respecting those rules can be active throughout the EU without separate national authorisation...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)
Kieran O'Donnell: I am aware that the Central Bank has written to the credit servicing providers to encourage them to come in to the committee, but the fact is that these credit servicing companies are giving the committee the proverbial two fingers. That is just not good enough.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)
Kieran O'Donnell: I am not saying that-----