Results 10,261-10,280 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: It would be fair to say that many actuaries are not employed by and on the payrolls of insurance companies, and certainly not motor insurance companies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Thank you. Will Conor O'Brien address the questions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Will those who do not use solicitors save money on legal costs? Essentially, they will end up financially better off than those who use solicitors.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: The award will be the same whether one has used a solicitor or not. Their net position will be better.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Of the 33,500 claims received, can the Injuries Board share with us the percentage that are motor injury-related? Presumably it deals with all kinds of injuries that are not motor injury-related.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: The others are various trips and falls and things like that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Mr. Conor O'Brien might address Deputy McGrath's points on the book of quantum. Are there any statistics or any kind of data on the percentage of times the judges fall within the book of quantum or is it so vague that those kinds of statistics are not available? Somebody told us yesterday that the book of quantum could give anything between €30,000 and €80,000 for a particular...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: I think we were told in earlier sessions that because the book is relatively out of date judges are less likely to adhere to it than if it was current.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: On that point, there was a figure I heard the witness quote earlier that they were losing €20 or €30 per €100. For what period was that loss? Was that in a particular year or was it over a sustained period of years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: The suggestion is that for every €1000 premium they are losing €300.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: For the most recent years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Mr. Dunne can continue to answer Deputy Murphy but those were the most recent figures we were given.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Very briefly before I bring in the next member, the Injuries Board is dealing with 33,500 claims and it says 1,500 get lost. That is a relatively small percentage and I am happy to discount that. The insurance consent to 18,000 being looked at and again some are lost there. Some 14,000 are not consented to. That would include those fraud claims. What other reasons are there that the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Of those 14,000 claims, have the witnesses any idea why the insurance companies do not consent? Do they just say, "No, we are not dealing with it", and let it go to court?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: And they do not all go to court.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Does the Injuries Board have to do a lot of work with those 14,000 that initially come to it? That is a lot of administrative process to be taking up the Injuries Board's time to ultimately have an insurer say, "No, we are not letting you assess it".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Just for my own benefit and that of committee members, will Mr. Priestley outline how the costs of running the Injuries Board are met. Who picks up the tab?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: Is that for the assessments that are consented to?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: The Injuries Board processes approximately 14,000 claims but only receives €45 per claim. Each claim could potentially involve quite an amount of work.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (14 Sep 2016)
Gerry Horkan: There is a huge savings potential-----