Results 8,041-8,060 of 36,188 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: It is because of its timely nature and the need for this information that this legislation is stronger than the equivalent across the water, which requires these companies to provide one report by 2023. That would leave too much of a time lag and that is why I am looking for an annual report. I will turn to consider the NCID and the information with respect to motor insurance, in...

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: We will hear from the insurance industry later. There is always a reason premiums will be reduced at a later date. Some of those reasons may be valid but when things are moving in the other direction, there is never a reason to delay it and premiums go up straightaway. We know that insurance is priced on the basis of looking forward. There is a test case relating to the guidelines of the...

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: As somebody who represents a wide spectrum of Irish society, from students to sporting organisations, businesses, community groups and not-for-profit organisations, can Mr. Boland address the seriousness of the premium increase, which is putting pressure on businesses, and the lack of availability of insurance in some sectors? There are some sectors that may be wiped out. We have been...

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: To return to the point on the different forms of settlement, Mr. Boland mentioned that direct settlements between the insurance companies and the claimant constituted a large proportion - 50% - of all settlements in the most recent NCID report. Will we get access to that information? Will the NCID collect more data on the extent to which insurance companies are settling directly and when...

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: To address the Senator's point, we have tried to remain focused in this legislation. Some of her comments reflect the position taken by the Central Bank on price walking or dual pricing. I complained and brought this to its attention, as did others, including in the media. When we initially wanted to ban this practice, we looked at a dual process. One part involved submitting a complaint...

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 welcome the witnesses to the committee and thank Ms Murdock for her opening statement. It is fair to say the insurance industry does not like my legislation. Let me rephrase that; it does not like the accountability that would come with my legislation. Its argument against the legislation under consideration today is that the Government's Insurance (Miscellaneous Provisions) Bill...

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 has just confirmed that the reason Insurance Ireland does not want my legislation, which provides for accountability, is that the Government's Bill does the same thing. She says there are enhancements under the Insurance (Miscellaneous Provisions) Bill that mandate the Central Bank to collect further data and she has suggested that these data will allow for the same outcome as my...

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: Let me be clear. That is exactly what I do not want to do. As long as the data are being collected, I am happy. Insurance Ireland is telling me that this legislation that we are currently dealing with in the House, the Insurance (Miscellaneous Provisions) Bill, already provides for that. I am asking Ms Murdock to point out, and I will hand her the Bill if she wants, which section-----

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: Let us dig deep into this. Mr. Horan suggests that the Central Bank (National Claims Information Database) Act 2018 gives the Central Bank the power to collect data from insurance companies. I do not contest that. Does it give unlimited powers to collect insurance data or will further legislation need to be enacted to empower the Central Bank to gather further 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: The Private Members' Bill we are discussing here would allow the Central Bank to collect the information on, for example, the amount paid by insurance providers during the reporting period in respect of personal injuries sustained by third parties. I am sure it could collect that information at this point. However, could it collect the amount that the insurance provider might reasonably...

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 to fulfil its duties under the Act but not to go beyond that. I return to the legislation which Ms Murdoch said does exactly the same thing. Mr. Horan spoke about head 3. Is that right?

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 section 8(4) of the 2018 Act. We are talking about the Government's legislation, the Insurance (Miscellaneous Provisions) Bill 2022, which our guests say is doing the same thing. What section of that Bill does the same as my legislation?

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 need to stop Mr. Horan there because his information is so far out of date. We are not dealing with heads anymore. Heads relate to a draft Bill we discuss during pre-legislative scrutiny. This legislation is going through the Houses. What was head 3 is now section 4 of the legislation. Section 4 is very specific. Does Mr. Horan know that we are giving the Central Bank the power to...

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 does not do the same thing.

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.

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: No, it does not.

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 am going back. I will not let you dice around this. You should either withdraw the comment or stand over it. Ms Murdoch claims that this legislation does the same thing. The Insurance (Miscellaneous Provisions) Bill hands the Central Bank of Ireland the power to collect further data. Does she acknowledge that those data have nothing to do with provision of my legislation which is about...

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 not what Ms Murdock said.

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: Is Ms Murdoch's position that she is going to tell me that black is white? Is she going to tell me that this Bill does exactly what my Bill does? I can read out the section. The Government's Bill, which has already gone through a number of Stages in this House, only allows for the additional collection of the taxpayers' money that was pocketed by the insurance companies in respect of...

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 am just trying to have a-----