Results 14,701-14,720 of 26,092 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: Mr. Brennan is estimating that fraudulent claims amount to roughly 6% or 7%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: I have been looking at previous profit figures. Is AIG Insurance part of the AIG Europe group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: Mr. O'Rourke said there were €30 million in losses on €280 million of premiums. Is there a group management charge from AIG Europe that is distorting the figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: So the figure for losses of €30 million is not distorted.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: AIG is a bit of an outlier in the insurance industry in Ireland in that it made a loss of €30 million in 2018, while all the other insurance companies appear to have made substantial profits. Is this because it is a member of AIG Europe?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: My next questions are for Aviva and Zurich. In 2018 the normal target margin was 5% but Aviva made 11.4% and Zurich 8.98%. Aviva made superprofits of €33 million and Zurich €12 million, which are 6% and 4%, respectively. Axa was before us, as were FPD and Allianz. In total, the five companies other than AIG made superprofits of over €122 million in 2018. We have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: Mr. Quinlan is putting all the onus back on fraudulent claims and legal fees. How long does it typically take for an insurance claim to be settled?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: Is it less than six years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (Resumed) (3 Oct 2019)

Kieran O'Donnell: The general public are being told by insurance companies that it is a tough environment but according to the 2018 profits, five or six companies were making a very health profit. The average person will ask why their premiums are so high. It is a legitimate question and I ask the insurance company to look at premiums for hard-pressed customers, though I accept they have to make a profit....

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: How much time does Senator Horkan have?

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: I welcome the Minister of State to the House. He is just as much a frequenter here as a Minister of State as he was when he was a Senator. Listening to the delivery of the Budget Statement this morning by the Minister for Finance and the contributions here, I note Brexit looms large. The projected growth rates were about 3% in normal times. These have been scaled back to 0.7% because of...

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: The Senator is digging a hole for herself on this one. I should not be standing up for Fianna Fáil.

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: Keep away from it, Rose.

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: Tomorrow, at 10.30 a.m.

Seanad: Nithe i dtosach suíonna - Commencement Matters: Hospital Overcrowding (9 Oct 2019)

Kieran O'Donnell: The Cathaoirleach is fair and equitable in his role. I welcome the Minister of State, Deputy Jim Daly, to the House. On a personal note, I wish him well. Politics is a tough game and I very much respect what he is doing. I put on record that he has a phenomenal body of work to his name. I wish him well for the future and he might return at some point. This matter concerns overcrowding at...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Hospital Overcrowding (9 Oct 2019)

Kieran O'Donnell: I thank the Minister of State for the response. We need to see a specific radical action plan and I will hold the Minister, Deputy Harris, and the Minister of State to the commitment made at the Oireachtas health committee last week. They asked for two weeks and I will give that but it should take no longer. We need immediate action on the MRI scanner and I expect to see results on that...

Seanad: An tOrd Gnó - Order of Business (9 Oct 2019)

Kieran O'Donnell: I want to return to an issue I raised in the House a short time ago, namely, Lyric FM. This is in the context of RTÉ, the paintings and so forth. Lyric FM is very important, both as a national broadcaster in terms of culture and music, but more particularly because it has been based in Limerick for over 20 years.People have families there and Lyric FM is part of the cultural identity...

Seanad: An tOrd Gnó - Order of Business (9 Oct 2019)

Kieran O'Donnell: Furthermore, our regional studios are based in the same building as Lyric FM. We speak about RTÉ devolving and decentralising to the regions. We want both Lyric FM and the regional studios to remain in Limerick. It is ironic that our current President was the Minister for Arts, Culture and the Gaeltacht who signed the letter to establish Lyric FM. It is unacceptable that there is...

Seanad: An tOrd Gnó - Order of Business (9 Oct 2019)

Kieran O'Donnell: Did he know what he was seconding?

Seanad: An tOrd Gnó - Order of Business (22 Oct 2019)

Kieran O'Donnell: I want to raise a breaking matter which is of great significance for people in both the Shannon and Limerick areas. Molex, a large employer that has been located in Shannon for over 48 years, announced today that it is looking to close its facility at the end of 2020, resulting in the loss of 500 jobs. This is of huge significance, particularly for the workers and their families. I am...