Results 8,241-8,260 of 13,254 for speaker:Seán Sherlock

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Seán Sherlock: To clarify that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Seán Sherlock: Has the Car Rental Council engaged with the cost of insurance working group set up by the Minister?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Seán Sherlock: No, I meant the Minister of State, Deputy Eoghan Murphy, who is chairing a working group on this issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Seán Sherlock: Is the position the same for Mr. Herron and Mr. McDonnell?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Seán Sherlock: I recommend that this committee endorse any approach by the four witnesses present and their organisations to engage with the working group further on this issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

Seán Sherlock: Thank you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: I thank the witnesses for coming in. Their submissions have been very informative. I have a few interactive questions. The Minister of State, Deputy Eoghan Murphy, was before the committee yesterday and I am sure the witnesses have already read some of the transcripts. He said "the ability of the Government to influence insurance pricing is limited, as insurance companies are required by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: There is-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: There is a legislative provision to do that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: In other words, we in the Oireachtas could influence that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: If Mr. Faughnan is saying that historically premiums were reducing to a critical point where they were not able to cover the costs-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: -----what is the natural correction? Is there an assessment of a figure of a natural correction because the assumption here is that we will accept a correction-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: -----but it seems there is a loading on that correction which is now moving it into the supernormal profits, if I can incorrectly use that term. In other words, if somebody had paid a premium of €500, for example, and this year it is €800, of the €300 extra, what is the correction and what is absolute supernormal profits? That is why if one speaks to Mr. Kian Griffin's...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: Obviously, it is in a pretty secure position because it has three underwriters. Perhaps that is the norm; I do not know. It seems to me that the underwriters, which are big international houses, are influencing the market in little Ireland because it is a small market in global terms. We should interrogate that further because I think Mr. Faughnan is saying that there is hope in terms of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

Seán Sherlock: That is why the working group, with political support on a cross-party basis and working proactively with all of the stakeholders, has the potential to get to the nub of this problem.

Government Appeal of European Commission Decision on State Aid to Apple: Motion (7 Sep 2016)

Seán Sherlock: Political.

Government Appeal of European Commission Decision on State Aid to Apple: Motion (7 Sep 2016)

Seán Sherlock: In the few minutes available, I wish to crystallise my interpretation of this issue as best I can. I represent part of the county of Cork and many of my constituents work for Apple. There is no doubt, based on the feedback I have received, that there is concern for the long-term future of Apple and other FDI companies located in the Cork region in particular. There is concern about the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Election of Vice Chairman (7 Sep 2016)

Seán Sherlock: While I have no particular preference on this matter and will be guided by the Chairman, would it be appropriate perhaps to wait until more members are present to make a determination on that? It is just a suggestion and as I have stated, I will be guided by-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

Seán Sherlock: Those watching the proceedings of the committee are looking for some comfort that the Government is intervening in a manner that will seek to reduce the cost of motor insurance premiums and other premiums as well. For the purposes of today we are talking about motor insurance premiums. I am a little bit worried by the Minister of State's response. If I interpret his intervention correctly,...

Questions on Proposed Legislation (21 Jul 2016)

Seán Sherlock: The programme for Government states that the new Government and the Oireachtas will agree Ireland's first statutory national low-carbon transition and mitigation plan. Could the Tánaiste or the Minister for Communications, Climate Change and Natural Resources tell us when the work on that will begin?