Results 11,081-11,100 of 26,486 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Is there anything Mr. Roux can do in the context of regulating the industry that will bring down those claims? People looking for insurance feel they are being screwed, they feel that there is a cartel in place that will shoot these premiums up, and they look to the Central Bank to regulate all of those queries out of the system to be examined. They do not get that sense of confidence from...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Did Mr. Sheridan not say to Dr. Roux, for example, that the alarm bells rang in 2012 with €34 million of a loss, and then immediately, in 2013, it went to €189 million? Did Mr. Sheridan not say that from the experience in the banking sector, there is something definitely out of kilter here and the Central Bank had better take immediate action, as anyone else would do?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: The Central Bank did not take effective action-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: -----because the insurance premiums went up.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: The insurance premiums have gone up.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Who is Dr. Roux defending? Is he defending the insurance companies or is he defending the consumer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: That is for sure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: The losses in 2015 were €333 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Dr. Roux is telling me that the shareholders of these insurance companies stumped up €333 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Have they paid it up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: They are a decent bunch.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: I would suggest to Dr. Roux that those paying the premiums have contributed a significant amount of money also.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: I do not know whether Dr. Roux is aware of it but the people I and many other Members of these Houses meet are telling us that the behaviour in the insurance market is such that one can have a premium offered at €1,000 and it can be reduced if one applies pressure, and it can go up beyond the scope of the finances of an individual for unknown reasons. We do not know why premiums go...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Is it our fault?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: No, let us stick to the topic.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Is Dr. Roux telling us that it is our fault in these Houses that insurance premiums have gone up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Would the regulator like to act on the prices?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Would Dr. Roux like to do it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: Does the regulator offer advice?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
John McGuinness: The revised Book of Quantum is based on the claims that were paid, it was suggested to us, and it does not reflect the appeal court decisions.