Results 7,441-7,460 of 35,563 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Would Insurance Ireland welcome that oversight?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: That is why this legislation is different in one respect from the British regulations. While they require a report at the end of the fourth year, which is 2023, we will require a report annually from Insurance Ireland's members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Does Ms Murdock believe that Insurance Ireland's members passed on euro for euro the reduction in awards as a result of the Judicial Council (Amendment) Bill 2021 and the guidelines?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: I will ask again. Does Ms Murdock believe that Insurance Ireland's members have passed on euro for euro the reduction in awards to their consumers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: It made 3% profit last year. It is not loss-making.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: When they appeared before this committee and lobbied us to bring forward the Judicial Council (Amendment) Bill 2021 and, obviously, asked the Judiciary to bring forward the guidelines, Insurance Ireland's members told us that they would pass on the saving euro for euro.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Does Ms Murdock believe that? Does she stand by that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: So, Ms Murdock believes they have passed on the saving euro for euro.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: When we deal with the PIAB and the duty of care, can Ms Murdock tell me where the goalposts will be then? When is Insurance Ireland going to put the consumers first? We told the insurance companies they were talking through their hats with inflated figures in terms of fraud. Then, the awards were the big issue. Now, it is that we are not actually even seeing any reductions in public...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: How much has public liability gone down in the last year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Hang on a second. Ms Murdock is telling the committee that insurance is the one area that keeps going down. I am asking her a question. How much has public liability come down in the last year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: It has not come down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: How much has it gone up, though?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: How much has public-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: By how much has public liability insurance increased in the past year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Ms Murdock said there is a trickle of awards going through the system. Some 17% of awards go through PIAB. That is not a small amount. PIAB has reduced its level of awards by 42%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: On average, it is 42%. Does Ms Murdock accept PIAB's data?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: Some 15% of cases are directly settled by the insurance company and the claimant.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion (4 May 2022)

Pearse Doherty: What is the percentage of claims?