Results 501-520 of 1,023,200 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Damien English OR speaker:Réada Cronin OR speaker:Marc Ó Cathasaigh)
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Pearse Doherty: I have a simple question. Is the insurance industry taking a hand at the Minister of State and the Government? For the past six years, the Government and Ministers, particularly Ministers in the Minister of State's party, have been telling insurance companies their expectation that they will reduce prices but prices have gone in the other direction for businesses and community groups. Does...
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Neale Richmond: I thank the three Deputies for their interventions. For general premiums, the most drastic example has been the decrease in motor insurance over the past four years. There has been an average decrease of 24% in the cost of premiums in that sector, which is key progress that is extremely welcome. A lot of that is due to the decline in soft tissue injuries. I will be quite frank and have...
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Pearse Doherty: Premiums are not coming down.
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Neale Richmond: We will continue to engage with insurers.
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Pearse Doherty: It is not the pace at which they are coming down; they are not coming down.
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Neale Richmond: I did not interrupt you and I do not know why you keep doing this to Ministers. You asked a question and I am offering a supplementary reply. If that is what you want, we can do it.
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Catherine Connolly: Please speak through the Chair.
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Pearse Doherty: Premiums are not coming down.
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Neale Richmond: With respect to the Leas-Cheann Comhairle, I would like to address all three points that were made. Deputy Stanton asked about the delay in payouts. I fundamentally agree that it is a key issue for individuals and businesses around the country. It is putting businesses out of action and people are waiting for such a serious length of time that they are unable to meet demands. It is...
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Insurance Industry
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Ruairi Ó Murchú: 66. To ask the Minister for Finance the short- to medium-term plans of the Government to ensure reductions in premiums for insurance products, particularly public liability insurance; and if he will make a statement on the matter. [22690/24]
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Ruairi Ó Murchú: 82. To ask the Minister for Finance the Government's priorities in respect of insurance competition work and reform of the insurance market for the remainder of 2024; and if he will make a statement on the matter. [22689/24]
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Ruairi Ó Murchú: I wish to ask the Minister of State about the Government's short- and medium-term plans to ensure there are reductions in premiums for insurance products, particularly public liability insurance. This question follows on from the question that was previously on the floor. We are talking about reductions in settlement costs and the reforms that have happened in respect of duty of care, etc....
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Neale Richmond: I propose to take Questions Nos. 66 and 82 together. I thank the Deputy for his questions. As has been outlined and is quite clear, insurance reform remains a key priority for this Government and is being delivered via the action plan for insurance reform. As the Deputy is aware, neither the Minister for Finance nor the Central Bank of Ireland can direct the pricing or provision of...
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Ruairi Ó Murchú: We know what the Minister of State cannot do but it is a question of what he can do and what interaction he intends to have with these insurance companies as premiums are still going up. I get the idea that we knew that an issue existed in respect of duty of care. An argument could have been made that it could have been dealt with at an earlier stage. The problem was that a huge number of...
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Neale Richmond: I thank the Deputy for his supplementary contribution. As I have laid out, I have met seven of the nine major insurers at this stage. I have also met the representative bodies of the insurance industry, representatives of the Law Society of Ireland and the brokers, as well as representative groups in the hospitality industry, at a round table and in one-on-one meetings. I have another such...
- Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)
Ruairi Ó Murchú: We want far more companies to come into the market. We need the likes of OUTsurance, or whoever else, to engage specifically on public liability insurance. We know the issues that exist and the other added costs at the moment. It is an issue that affects community events, event tourism, sporting and community organisations. We all know the ridiculous premiums that have been charged for...
- Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (21 May 2024)
Catherine Connolly: I understand that. The Minister has taken the trouble to read the reports. I understand the difficulties. Suggestions have been made by the Department of Finance to establish our own database. What progress has been made on that? Let me come back to the decision, which I welcome. Obviously, those concerned are operating in a policy vacuum. It has come from Dáil questions and...
- Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (21 May 2024)
Michael McGrath: The factual position is that ISIF is statutorily independent and subject to oversight by its investment committee and the NTMA's board. Under statute, I, as Minister for Finance, do not have a role in ISIF's implementation of its investment strategy. The investment strategy does operate within an ESG framework, which the Deputy has correctly highlighted. This is not the only ESG issue it...
- Ceisteanna Eile - Other Questions (21 May 2024)