Results 1,941-1,960 of 2,017 for speaker:Anthony Lawlor
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: It may have lost money, but its tax bill is reduced and it is able to carry losses into the following year. Mr. Hassett's claim is a poor one. The sector is probably paying less tax now than it would have been paying prior to 2013-14. With regard to what has been revealed today, what is a ghost broker?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: The person would not use the name of an existing broker as cover. In other words, the person would operate under his or her own name.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: For example, could Deputy Pearse Doherty, operate as a ghost broker under his own name?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I understand. Why did it take Aviva so long to discover that in respect of up to 1,000 of its customers it was dealing with a ghost broker? Is there nothing in its system that would detect new operators and trigger an inquiry in regard to their licence status and so on? It would appear that the insurance companies are not doing due diligence in regard to the brokers they deal with. Is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: Mr. Hassett represents the insurance companies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: Should companies undertake due diligence of the brokers with whom they do business?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I am speaking about a broker who sells insurance policies on behalf of an insurance company.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: In that case, the insurance company facilitates the fraudulent activity.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I have not used it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: How do they present themselves to the insurance companies? Mr. Hassett said earlier that some insurance companies have taken on these policies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I reiterate that the insurance companies are not doing due diligence in regard to the people with whom they are doing business.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: This is adding to the cost of insurance for the ordinary person.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I will come back to Mr. Hassett later on the substantive issue we are discussing today. I have a couple of questions for Mr. Fergal O'Leary. How many people or companies make up a cartel?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: If insurance company A is at a meeting in a room with insurance company B would that be considered a cartel?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: If insurance company B then meets in another room with insurance company C is that a cartel?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: Most people think a cartel is where all of the insurance companies meet in a room for a discussion but a cartel could be insurance company A meeting insurance company B with a view to reaching agreement on a charge.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I wanted to clarify for the benefit of the public that a cartel is not ten or 12 companies. It could be just two companies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: I thank Mr. O'Leary. I would like to return to my questions to Mr. Hassett. There are four legs to this chair: the number of awards being paid out, the legal costs, the fraudulent claims and the profits of insurance companies. Earlier, Mr. Hassett provided us with the following figures for 2014-2017: the Courts Service, €141 million down to €85 million and PIAB €281...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: The figures we were given earlier showed a reduction in the number of claims.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Anthony Lawlor: The figures show that in 2017, €880 million in payouts had not gone through the courts system. Is that a fair comment?