Results 721-740 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: Okay. With many claims that are paid, there is little or no evidence that any injuries were caused or sustained on mart premises but the insurance company has settled. Mart managers are very unhappy about 80% of those settled claims. Why are the claims being settled?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: The witness is right in that sense. If the mart is not negligent and there is no evidence to back up the claim, why are the claims being paid in the name of the marts? Is it not then too easy to then pile on whatever amount is claimed to the premium holder? It seems to be what is happening.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: Is there closed-circuit television in all the marts so there could be evidence of what is happening? Surely that must reduce the number of fraudulent claims.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: How many fraudulent claims has the company reported to the Garda?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: Does the company check with the premium holder - the marts in this case - before settling a case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: What about before the settlement? If the company is coming near the end of settling a claim, does the company go back to the premium holder and indicate the amount that will be paid out for an incident?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: The deal is made with whoever is claiming and then the company goes back to the person with the premium.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: I will leave it at that. I have a case of a small mart that had just one claim, which was in 2016. Its insurance in 2017 was €12,200. Increases are constantly being piled onto the premium holder.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: Does Mr. O'Beirne accept that those 200 staff are right in stating that they were told verbally and by the bank's internal information system that they would have a right to move to tracker mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: Does Mr. O'Beirne accept that they are right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: We can discuss that again, but does Mr. O'Beirne accept that they are right in asserting that they were told verbally and by the bank's internal information system that they had the right to move to tracker mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: Are our guests able to rule out the sale of performing restructured loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: I know that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: Ms McDonagh cannot rule out the sale of performing restructured loans at this stage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: Once they are restructured, they are vulnerable to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: We get the picture. The bank has indicated that it completed its review of the tracker issue at the end of 2018 and shared the information with the Central Bank. Did the review name the people the bank viewed as being responsible?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: I commend the bank on that, but I am asking about individual accountability. Did the bank pass the report on to the Garda, for example?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: Nobody is going to be held accountable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: But no individual.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Bank of Ireland (4 Apr 2019)

Rose Conway Walsh: I accept that, but no individual is going to be held accountable.