Results 9,421-9,440 of 35,575 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: What about private interactions with other companies mentioned by the CCPC?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: So has the CCPC just made this up? Did its personnel wake up one morning and dream this up after an ongoing investigation lasting four years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Okay. I will get back to AIG. Is AIG or has AIG been involved with price walking and dual pricing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Hang on a second. New business premiums are made up of a different cohort of motorist. For example, they include younger or first-time drivers coming to the market, so premiums will naturally be higher. Just answer the question please. Is AIG involved with price walking or dual pricing? Will the witness state this clearly? Has the company been involved with the practice?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: We can go through this with every insurance company and they will all tell us the same bloody thing, which is that none of them is doing this. Again, the Central Bank must be dreaming this up. A comprehensive report has been published that indicates very clearly that a loyal customer of an insurance firm in Ireland is punished as a result of that loyalty. For example, if a customer has...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: The banning of dual pricing would not be a problem for either of these companies as one does not do it and the other suggests that it rewards loyalty. Is that the case if we considered the banning of dual pricing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Okay. I will ask about fraudulent claims. The industry continues to assert that up to 20% of claims are fraudulent. How many fraudulent claims were made in 2019 and 2020, according to AIG and AXA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: What were the numbers for AIG?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: I thank Mr. Connaughton for that information-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: I will conclude on this. Fraud in all forms has to be stamped out. AXA has a big part on its website about how fraud is increasing year on year, but the reality is that only 48 cases were referred to the Garda last year and only 63 cases the year before. There has actually been a reduction in the number of cases that have been referred to the Garda for fraud. If insurance companies are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Maybe a note to the committee from that division on where it has been in recent years and where it expects to go would be helpful to our committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Could we just get an answer to the question that was put to AIG? Sorry. I know we have three minutes left. AXA has told us there has been an €80 reduction in premiums renewed in April. Can AIG provide us with similar information? Has there been a reduction at all and, if so, at what level? Again, this is not price signalling; we are looking at what has happened in the market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Developments in the Insurance Industry: Discussion (Resumed) (26 May 2021)

Pearse Doherty: Will the representatives of AIG answer the questions on premium reduction? I am not asking them to look at price signalling into the future, although I note both companies were far too happy and well able to signal when they pushed up premiums by 21% year on year. Not only did they do it publicly but we find from the Competition and Consumer Protection Commission, CCPC, that they were doing...

Questions on Promised Legislation (20 May 2021)

Pearse Doherty: I raise a matter that is affecting thousands of families and homeowners in my county and County Mayo. It is a problem not of their own making and it concerns defective concrete blocks or the mica crisis. It has resulted in thousands of homeowners watching their houses crumble before their very eyes. It is absolutely heartbreaking to see. It is abundantly clear the redress scheme that was...

Questions on Promised Legislation (20 May 2021)

Pearse Doherty: -----in affected homes. Will the Government support the mica redress scheme providing the same level of redress?

Questions on Promised Legislation (20 May 2021)

Pearse Doherty: What action will the Government take to improve the scheme and resolve this matter for nearly 6,000 families across those two counties?

Ceisteanna ó Cheannairí - Leaders' Questions (20 May 2021)

Pearse Doherty: Perhaps the Minister does not realise it but he has abandoned this generation, just like Fianna Gael and Fianna Fáil have done for the past decade.

Ceisteanna ó Cheannairí - Leaders' Questions (20 May 2021)

Pearse Doherty: Inné, thug an Rialtas teachtaireacht shoiléir d’úinéirí tithe agus iad siúd atá ag iarraidh a bheith i mbun úinéireacht tithe. Sin é, nach bhfuil fáilte rompu anseo sa chathair ach go bhfuil fáilte mhór - céad míle fáilte - ón Rialtas roimh na creach-chistí a bheidh ag ceannach árasán i...

Ceisteanna ó Cheannairí - Leaders' Questions (20 May 2021)

Pearse Doherty: Has the Minister not listened to the testimonies from those people that I read into the record? They are desperately looking for action and hope, and the action the Minister delivered in the past seven days, along with Fine Gael and Fianna Fáil, was to come in here and vote against banning rent increases and reducing rents. The action he delivered was voting against proposals Sinn...