Results 201-220 of 4,707 for speaker:Neale Richmond

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: As Deputy Doherty knows, not every ECOFIN Council is the same. Agendas are different. We all know that we are at an acute time in the European legislative calendar. It is not fair to cite two previous examples. They are not all the same.

Ceisteanna Eile - Other Questions: Insurance Industry (4 Jul 2024)

Neale Richmond: To address the clear point of the question, in 2021 Deputy Doherty introduced a Private Members' Bill, the Judicial Council (Amendment) Bill, to the Dáil. At its core, this would require insurers to provide information to the Central Bank of Ireland on the impact of personal injuries guidelines through amendment to the Judicial Council Act. On 30 May 2024 Deputy Doherty informed the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (4 Jul 2024)

Neale Richmond: Two years ago, the Deputy was demanding an early budget.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (4 Jul 2024)

Neale Richmond: The question was on diesel prices.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: I move amendment No. 1: In page 8, to delete lines 1 to 3 and substitute the following: “ “voluntary winding-up proceedings” means collective proceedings which are solvent as construed in accordance with the definition of “winding-up proceedings” in Regulation 270 of the Regulations of 2015;”. If it pleases and is agreeable to the committee, I...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: Several points were raised. I thank both Deputies for their consistent engagement on this issue. With regard to the money message, we simply have not received that from the Ceann Comhairle's office. The Department of Finance will respond to that if and when it is received, and we stand by that. I know we will be engaging on this matter more specifically on oral questions tomorrow morning.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: We will engage fully with the Deputy tomorrow morning on that specific issue and we are willing to continue to do so. With regard to the delay in transposition, it should be recognised, and it was stated on Second Stage by a Deputy from a different party, that this piece of work we are trying to do goes beyond the requirements of the directive. We were required to use primary legislation,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: It has been 40% since 2016.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: That is as per the CSO data.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: That is correct.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: In short, they have to wait for it to be determined insolvent.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: The claim goes to the home insurer, so it goes to the Motor Insurers’ Bureau Ireland in that situation, if that person is a resident. To add to that, under the legislation, a one-stop shop is provided by the Motor Insurers' Bureau Ireland.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: Exactly.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: As soon as possible. All going well this afternoon, we hope to bring this to Report and Final Stages in the Dáil next week, with the agreement of the Chief Whip.