Results 11,121-11,140 of 35,639 for speaker:Pearse Doherty

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: How many cases did the insurance companies refuse eligibility for PIAB to deal with? That is one of the provisions insurance companies have.

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Would that arise where insurance companies do not admit liability?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: I want to ask about a report done by the Central Bank and the data that Insurance Ireland releases in its annual report and fact file. Is this data the same data?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Why would there be differences? For private motor insurance, does Insurance Ireland deal with all private motor when it reports? Does Insurance Ireland have an insight only into a certain section of the insurance industry?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: What is the proportion?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Sorry, nine or ten what?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: I am trying to get a handle on this. We were always relying on the Insurance Ireland fact file. I am seeking an estimate from the Insurance Ireland representatives. What percentage of private motor insurance is covered under the Insurance Ireland fact file compared to the Central Bank report?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: I am talking about market share.

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Okay, let us say the figure is 90%. Does Mr. Hassett wish to correct the record of a previous committee meeting? Mr. Hassett was before me recently. He stated that his information was that premiums were coming down and had come down. He said they peaked in 2016 and had come down significantly. I challenged him and asked him to produce the facts. He went on to say his understanding was...

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: I put the facts about the CSO data to Mr. Hassett at the meeting. I am sick to my teeth of telling people this, including those in the Government. Mr. Hassett knows this better than anyone. The CSO data come from a CSO official telephoning an insurance company and stating that he or she is from the CSO and the office is looking for a price on a particular insurance policy. Then, the...

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: One of those figures is the average cost of insurance per motorised vehicle. Is that correct?

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Insurance Ireland does so. Actually, the figure shows in 2017 that insurance premiums went up. Anyway, let us forget about that. Is Mr. Hassett seriously telling me that he claimed repeatedly that insurance premiums went down from 2016 to 2017? They did not go up a little; they went up 15%. Is Mr. Hassett telling me that he is so completely unconnected with the industry that he has no...

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Mr. Hassett continued to claim at an Oireachtas committee that it was going down.

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: My final question relates to the data. When we have data, we need to know they are valid and accurate. Sinn Féin had reservations in regard to the legislation that underpins this report in terms of the Central Bank because we know that insurance companies transfer moneys to their headquarters. One insurance company transferred a significant amount of money to its headquarters and,...

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: The Insurance Ireland fact file references a claims ratio of 71.5%. This means that for every euro taken in 71.05 cent is paid out in claims. The Central Bank reports states that the amount paid out is 59 cent, which is a significant reduction. For the previous year, Mr. Hassett claimed it was 82 cent, but the Central Bank report states it was 69 cent. They are not small margins of error.

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: I am not disputing that. What I am disputing is that the statistics provided in Insurance Ireland's annual fact file are completely at odds with the statistics provided in the Central Bank report. Legally, companies are required to report accurate, verifiable information to the Central Bank. There is a massive discrepancy in regard to how much of every euro taken in by Insurance Ireland is...

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: The NCID found that the expected claims loss that Insurance Ireland had identified did not materialise, which is another serious issue in terms of what the insurance industry is doing. The industry is over-compensating in regard to future losses. It has to identify the claims settled in a particular year and make provision for the following years such that it is cooking the books and...

Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)

Pearse Doherty: Yes. I would welcome if the information requested could be forwarded to the committee.

An tOrd Gnó - Order of Business (17 Dec 2019)

Pearse Doherty: Unfortunately, we will be subject to much of this until the general election. I have a seven year old and a nine year old at home, and if they behaved the way the two leaders in the House did-----

An tOrd Gnó - Order of Business (17 Dec 2019)

Pearse Doherty: -----I would take them into a corner and have a good talking to them.