Results 1,021-1,040 of 6,295 for speaker:Michael D'Arcy
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: No. The Department of Finance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: It will be aggregated data.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We will not, but if the percentage is high or unusually high, the Department will have decisions to make. Hypothetically, we might have to insist on all claimants providing a medical report. I do not know, but that is a suggestion that-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We do not have any analysis of the settlement channels.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Those figures were given to the committee by the insurance sector, but we do not know whether they were accurate. We are putting on a statutory footing a structure to ensure a full analysis and detailing of the aggregate data. The hope and expectation is that, subsequently, a higher percentage of claims will be entered and concluded within the PIAB process than are settled prior to PIAB....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We expect the information for the previous decade to be transferred from Insurance Ireland by the end of the first quarter.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We are expecting an analysis from the Central Bank six to eight months after that point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The Department of Finance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The aggregate data will be published.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: The end of the third quarter of 2019.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: We will be altering section 8 of the Civil Liability and Courts Act 2004 on Committee Stage of the Central Bank (National Claims Information Database) Bill. The Senator will be aware that any imagery, including video footage, from a premises has to be deleted within one month because of GDPR. We are reconciling the period in which people have an obligation to inform the owner of the premises...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: No. The owner will keep the footage on the basis that, potentially, there is a claim. He or she can keep the footage as evidence for his or her defence.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: No, they do. We are reconciling the period to one month in order to give somebody an opportunity to store or keep footage. Section 14, which is the same Act-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: No, they still have the same period of two years. What they have to do within one month is give the individual, who is the owner of the premises, an opportunity to store the footage because otherwise the footage, by law, will be deleted.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: Section 14 means there is an inference taken, against the individual, that he or she did not adhere to that portion of the Act, and that this inference will be against the claimant.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: There are two time schedules. One is the period in which one must tell the person who is, potentially, mounting a defence against one in order that he or she can store the imagery. That is because legally now the GDPR states one must delete the footage. The second period is not changing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: I mean the period somebody has, potentially, an opportunity to make a claim.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group Update: Discussion (15 Nov 2018)
Michael D'Arcy: By the end of the year.