Results 3,561-3,580 of 5,098 for speaker:Mairéad Farrell

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (16 Dec 2021)

Mairéad Farrell: In a note to the Joint Committee on Housing, Local Government and Heritage in September, the Department of Finance cited analysis on vacant dwellings by GeoDirectory. In its quarter 2 report for 2021, GeoDirectory found that more than 92,000 homes, or 4.5% of the housing stock, lay vacant in June this year. Recent research suggests we have the tenth highest vacancy rate in the world. It is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: Deputy Doherty also.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I want to wish everyone a happy Christmas and new year. We have seen a lot of each other over the recent weeks and months. I hope everyone has a good one. I want to raise the issue of price walking. On 21 October on "The Claire Byrne Show" on RTÉ Radio 1, the Minister of State repeatedly said that this legislation would ban price walking. However, that was not the case. On 16...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I did quote exactly what the Minister of State said on the radio. I have the direct quote from "Morning Ireland", where to me, it is clear to me that he was saying that this legislation would deal with it. It is good that he has clarified that it is not and that the Central Bank will do so and that a report will be done. This is something that my colleague, Deputy Doherty, has raised...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I thank Mr. Boland for his presentation; it was very interesting. Will he give his assessment of Government actions on insurance reform since taking office last year, the progress that has been made, and whether it has been sufficient to drive reform and deliver affordable insurance for policyholders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: That was really powerful. I thank Ms Sheridan for that. When people work in different sectors, it is very good to hear the real-life experience of the stress and concern they naturally feel. It is a very powerful tool to be able to give those examples. I thank her for sharing that. It was powerful. I have a question about the personal injury guidelines. We were discussing it with the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: Is it okay for me to ask another question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I thought the Chair was indicating that my time is up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I thank Mr. Boland. That was quite interesting. Another thing that we discussed was the Judicial Council (Amendment) Bill. I asked whether the Bill would require insurers to provide audited reports to the Central Bank detailed whether these reduced claims costs arising from personal injuries guidelines have been passed on to consumers. In the past two weeks, both insurers and the Central...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: Those are all the questions that I have for now. I thank the witnesses for coming before the committee. I hope they have a wonderful Christmas.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: I thank the witnesses for coming in front of the committee today. I will start with questions on the personal injuries guidelines. We have had a number of sessions on insurance, and this feels slightly like Groundhog Day because I am teasing out the same kind of questions. It is important because we need to get everyone's view. The personal injuries guidelines came into effect on 24...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: If claims under a certain category have fallen by 40%, what does Mr. Curtin expect the percentage fall to be in terms of the costs even on a euro-to-euro basis? When people hear that costs have fallen by 40%, they expect to see something quite significant in their own costs. Could Mr. Curtin tease that out?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: Will the national information claims database be able to monitor whether the savings companies make as a result of the personal injuries guidelines have been passed on to customers euro for euro? Mr. Curtin may be aware of the Judicial Council (Amendment) Bill, which would have required insurers to provide audited reports to the Central Bank detailing whether these reduced claims costs have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: The next topic springs out of what was discussed in the previous session by Ms Sheridan. We could all say that we would have been very much impacted by her real-life story. It concerns the topic of insurance fraud. The insurance industry has repeatedly claimed that 20% of all claims are fraudulent with Insurance Ireland and Allianz claiming that insurance fraud costs the industry...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Insurance (Miscellaneous Provisions) Bill 2021: Discussion (16 Dec 2021)

Mairéad Farrell: My figures would suggest that it is 0.003%. What is the percentage according to Insurance Ireland? Surely if it is such a big issue, Insurance Ireland is aware of the percentage of claims that are fraudulent. For 2019, we have the figure of 0.003%. What is Insurance Ireland's figure?