Results 621-640 of 23,068 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)
Paddy Burke: Are there many cases involving forged bank notes?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)
Paddy Burke: Recently, I was in a bank where the machine gave out a forged €50 note. When the customer tried to deposit it into another account through the machine, it rejected the note. I suppose the customer must go through a rigmarole of reporting to the Garda and to the bank. At the end of the day, would the bank not take responsibility for that? Even though its machine gave out the money,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)
Paddy Burke: Would the bank have to own up as well? The bank, although not complicit, gave the note out in this case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)
Paddy Burke: I presume it will not be held responsible.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: I welcome our guests. I have a few questions. We have had all the groups in here over the past three years. Certain allegations were made to the effect that cartels existed in the insurance business. Do any of the delegates have a view on that assertion? I did not hear anybody refute it. They might get an opportunity today to refute the claim that there are cartels operating within the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: We had haulage industry representatives before us. In many cases, they had to go to the UK to get insurance for some of their lorries. This was very sad, to say the least. Does Mr. Bradley have a comment on that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: In the insurance industry, companies project the running cost for the following year, based, I suppose, on the number of claims and the amount to be paid out. Are premiums raised or reduced according to whatever the projections are?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: The people who have claims against them are really hammered, however. There are a few cases in my constituency of individuals who had to go out of business because of the rising cost of the insurance premiums. An incident might have occurred through no fault of theirs. The industry, in addition to raising the premiums for everyone, really hammers those against whom claims have been made.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: While someone with claims is being hammered, he or she is also subject to an annual increase because of everyone else's claims. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: Does the industry refuse to insure people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: None of the companies represented here today refuse to cover companies. Would that be the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: Did FBD refuse insurance cover?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: If there is a claim made against a customer, does the company notify the person who pays the premium the full costs paid out in respect to the claim and the legal expenses? Does the person know exactly what was paid out against him or her on that premium-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: -----in detail?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: By all companies? I know people who had claims made against them and they do not know the full cost of the legal expenses against them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: Even after the claim is agreed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: Yes, but is the breakdown of the costs notified to the person who pays the premium?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: Whose responsibility would it be to notify the person paying the premium of, for example, the awards made against him or her, the breakdown of the costs, the amount paid in legal fees, and the amount paid to the injured party?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: At the very least should the person paying the premium not get a breakdown of the costs involved in a case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Paddy Burke: The representatives come in here and make allegations against the legal profession to the effect that legal expenses are out of control. How does the person paying the premium know that unless they are notified of the claims made against them and the legal expenses?