Results 5,281-5,300 of 9,158 for speaker:Jack Chambers
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: When has the loss ratio exceeded 100% in the past ten years?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: When did it exceed 100%?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: In press statements in the past 12 months, Insurance Ireland mentioned that the commercial performance of the motor market has been very poor.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Which motor insurance market is more profitable than Ireland at present?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: In the past three years, has there been any motor insurance market more profitable than that in Ireland?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Is it correct that Insurance Ireland is involved with other similar bodies across Europe?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Is it correct it also represents the underwriters?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Which was very profitable.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: No. I think the insurance industry is distorting and misrepresenting the factual basis, and it has done so for a decade. If we look at what some judges have said, they have said it is a dishonest industry and they have accused Insurance Ireland of having an effective PR strategy to distract from its core profitable basis, which has been represented by the Central Bank report.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: The cost of claims per policy is down 2% in that ten-year period and the number of claims is down 42%. The industry is picking certain picking statistical phenomena to distract from the core probability, which I believe is the focus, and the core issue of competition in the market, given the number of underwriters that are underpinned on average in Ireland is far less than in other areas. ...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: We had a discussion involving Deputy O'Callaghan around the price and cost of legal claims. In my view, it comes down to pure transparency. Would the authority like to see both barristers and solicitors publish their prices and their per-hour costs? I would also like to hear the CCPC view on that point. Does the Legal Services Regulatory Authority believe there should be full price...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: I would like to hear the CCPC view on that.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: It might be difficult to do it but the only consequence is a bigger bill for the consumer, because where there is uncertainty about cost per hour, the net outcome is a bigger bill.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: One issue with the LSRA is the no win, no fee matter, which is common. I googled that this morning and approximately 20 solicitors' firms have used that particular phrase. We clearly have an industry that is trying to incentivise claims and it is promoting that issue. Has the LSRA investigated that? A simple googling of the term would be enough to examine it. There is an incentive...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Is there a legal basis to operate like that?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Does Dr. Doherty think that attracts increased claims?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: The LSRA will not get a complaint from a client who has been guaranteed no fee. I am asking about the general basis, not whether the LSRA has received any complaints. Is it correct for the professionals who the LSRA is responsible for to have a system of no win, no fee, which I think is contributing to a claims culture in our society?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Would Dr. Doherty agree that it could incentivise claims?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Dr. Doherty says that it is allowable under his jurisdiction.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Jack Chambers: Should it be banned?