Results 2,101-2,120 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Various stakeholders have been before this committee but none has taken responsibility for the increase in costs. It is nobody's fault that cost of premiums has risen by 70% in the past three years, which is a staggering figure. According to the submission from the Personal Injuries Assessment Board, PIAB, the figures show that personal injuries motor claims volumes and average award values...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: The Society of Actuaries does not make any recommendations concerning the book of quantum. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: It was stated that the cost of motor insurance fell by 27% between 2003 and 2010. Did the level of awards drop during the same period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Does that only apply to Injuries Board awards?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: When the premiums went down, one would think that the cost of awards would go down too. We have heard that whiplash awards in Spain are around €3,000 while they are approximately €15,000 here. Does Mr. Watkins think that the awards should also have dropped?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Mr. Priestley has acknowledged that the 70% increase in the cost of insurance in the past three years is excessive but has argued that there is no correlation between the calculation of premiums and the awards made by the board.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Would the actuaries have taken into account the decrease in premiums between 2003 and 2010?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Did Mr. Dunne say that companies are losing money and must get a higher premium?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: There are more cars on the road and there are more people paying premiums. Road safety has improved, as has the state of the roads. The country has become more efficient. The courts are more efficient. The PIAB has said it is not dealing with more claims than was the case heretofore and that the costs awarded have not increased. Why does Mr. Dunne then agree with the increase of 70% in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: But the society does not disagree.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Paddy Burke: Does the society include fraud in its calculations? From all of the analysis the society has carried out working with companies, is there a percentage included in the projections for fraud?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: The Chairman asked many of the questions that I had intended to ask. I fully support his recommendation that the transcripts should be sent to the Central Bank and the various other bodies. Will Ms Murphy recap on some of the issues? Is more competition the answer? Ms Murphy is saying that a cartel is in operation. Is she also saying there is more competition in all other European...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: Is that the case even though all the insurance companies that operate in Ireland also operate elsewhere?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: There is a report with the Department. Did the IRHA make a submission to the process relating to the compilation of that report?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: The IRHA was never consulted. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: In respect of the legal aspects Ms Murphy is suggesting the claims levels and legal fees are adding to the cost of insurance. Does she believe that is part of the problem as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: Does the IRHA subscribe to Mr. McDonnell's recommendation that the Government fully implement the overhaul to the legal profession required under the EU-IMF programme by establishing an independent regulator for the profession and implementing the recommendations of the legal costs working group, and the outstanding Competition Authority recommendations to reduce legal costs?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: Apart from blaming the legal costs do they blame the lack of infrastructure, such as the quality of the roads? For example, we have spoken about hedge cutting which can be a problem and is one for the refuse lorries too.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)
Paddy Burke: Was the reduction in weight from 42 tonnes to 40 tonnes introduced for more safety?