Results 2,641-2,660 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: I think Mr. Buckley is exactly right. The insurance industry is exploiting the fear that people feel around insurance, for instance, that if they have insurance this year, they may not have it next year. If they do not have insurance, they suffer the implications of that. There is a collective fear in small towns such as Crossmolina where people do not know what the future holds. We had...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: If this Bill does not do what it sets out to do, is it Mr. Buckley's opinion that we need a State insurance company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: Which is a wholly different issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: Mr. Buckley would make a great politician.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: I thank the witnesses for their presentations. In respect of the profitability of flood insurance, Dr. Surminski's submission indicates that in Denmark, 15% of premiums are associated with flood insurance. What percentage of premiums here are associated with flood insurance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: So how do insurers make business decisions if they do not know? Is flood insurance profitable for the insurance industry in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: I am just trying to get at an aggregate figure for the industry regarding what is happening in respect of profits because, usually, if one follows the money, one can get the answers to some of the questions. How much is involved? What are we looking at in terms of flood insurance and what are the payouts with regard to the premium costs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: I am just trying to identify the gap in terms of the profit but, obviously, I am not going to get that information today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: So the raw data that we talked about so much in the other situations is now available. We have the percentages and all of that with regard to the data, and I acknowledge what Mr. Thompson has said here, but it is difficult to get a proper picture of where we are. We are told that 50,000 households are without flood insurance. Does Mr. Thompson agree with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: Does Mr. Thompson agree or disagree with the figure of 50,000? Would he say it is 30,000?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: Let us have consider the position. My concern relates to the businesses that cannot get insurance in the towns where activity has stagnated on foot of the fact that, despite the investment which has been made, it is not possible to get insurance. I will not even go in the direction of where the OPW has not carried out or completed works. Can Mr. Thompson give us a map of the streets in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: That is the problem. Transparency is so important in this area, as it is in other insurance areas as well. We know that whole areas are being refused insurance and yet an organisation such as Mr. Thompson's does not think that information is valuable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: If whole areas of the country are excluded from insurance that is a problem. That is why Deputy McGrath's Bill is so important. It must be enacted so that insurance cover can be obtained for those areas and for the individuals living within them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: In order that I understand what Mr. Thompson is saying, if we were to collect the data through the CSO, he would accept those data.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: It is really important to have that in the mix in respect of what we are doing. Does the insurance industry have a problem with the standard of the work of the OPW?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: If the memorandum of understanding was working, however, we would not be here today and there would not be whole areas telling us that they are not getting insurance. It is obviously working for someone but it is not working for the individual businesses and residences. That is part of the problem. Will Mr. Thompson explain why, if someone has been getting insurance continuously on a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: We will only know that when we see the actual maps rather than the percentages. The lack of data and transparency really muddies the water. On that basis I really welcome this Bill. I will leave my questioning at that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: As a gesture of Insurance Ireland's genuine intent to solve this problem and make the memorandum of understanding work, will it request the insurance companies to provide insurance where works have been done and investment has been made? Mr. Thompson says there is no problem with the OPW work. Could this not happen? We need to see it working on the ground. This could be done overnight.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Rose Conway Walsh: I support the Senator's suggestion that we bring the major insurance companies before the committee. We are not getting anywhere in this conversation.

Seanad: Order of Business (22 Nov 2017)

Rose Conway Walsh: I commend RTÉ on its "Prime Time" investigates programme last night. One wonders if it is RTÉ or the HSE that is running our health service. We owe a debt of gratitude to Una Smith. I agree that there are fantastic consultants in our hospital system. Many of them are doing a really good job but at the end of the day, 44,864 public patients were not seen because of what is...