Results 11,181-11,200 of 26,032 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (21 Nov 2019)
Kieran O'Donnell: We have a quorum. I propose we go into private session to discuss some housekeeping matters.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: I welcome the witnesses. Today, we are again meeting to address the practice of dual pricing for insurance. To assist us in considering this matter, I am pleased to welcome Mr. Fergal O'Leary, member of the commission, and Ms Áine Carroll, director of communications and policy, Competition and Consumer Protection Commission; and Mr. Gerry Hassett, interim CEO and Mr. Michael Horan,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: I thank Mr. O'Leary and call on Mr. Hassett to make his opening statement on behalf of Insurance Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: I thank Mr. Hassett and call Deputy Michael McGrath.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Will Mr. Horan go into more detail on that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Is the insurance company paid?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Presumably, if the policyholder is involved in an accident there would be no pay-out because there would be no cover.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Through the Chair. Deputy Doherty has asked a specific question. Can you address that, please?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Mr. Hassett needs to be specific on the years Deputy Doherty asked about.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: It is not 2018.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: It reduced.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: I wish to raise a point on that specific question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: What is the figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Is that between 2014 and 2017?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: Let us deal with the facts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: I wish to qualify one point. Is it correct that the level of claim awards in the courts went from €141 million to €85 million in that period? Is that the correct figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: That is a reduction of 40% in court claims. That is the reduction in awards.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: It is a feature that is being used. It is clearly indicative of the actual awards. The basis of the Insurance Ireland premise is that the awards are coming down. I wish to add to what Deputy Doherty has said. It is not only that the figure come down 22% overall. For court awards, aside from the Personal Injuries Assessment Board, Mr. Hassett has said that in many cases claimants are...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: A 40% reduction in court awards over that period is significant. That is coupled with a 22% reduction in the number of claims. I will go back to Deputy Doherty presently. Based on empirical work, we have to question the basis of the assertions being made. The figures were presented to Insurance Ireland. It is a clear indication that premiums should be coming down significantly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Dual Pricing for Insurance: Discussion (Resumed) (21 Nov 2019)
Kieran O'Donnell: I have a few quick questions for Mr. Hassett and Mr. Horan in order to have full clarification. Is it correct that court awards in the motor industry fell from €141 million to €85 million between 2014 and 2017?