Results 11,301-11,320 of 26,493 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: So to access all of the system, it is €110,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: So it is not €100,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: How much is a standard fee?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: If it is that freely available, are those who are paying €10,000 per head a bit naive?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I remind the Senator of time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I wish to raise an issue on that. The witnesses have stated the Central Bank is the best place for that information but Insurance Ireland is not providing that information for it. To be clear, they are stating that were the Central Bank to request information, the insurance industry would provide it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Would Insurance Ireland not volunteer to do that? At present, it is getting a bad name because the joint committee has been told it is withholding information and is causing the absence of competition in the marketplace. Surely the reaction to that or the action required by such statements, which were not made by me but by everybody who has come before the joint committee, is to talk to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I apologise for cutting across Senator Conway-Walsh but as an industry, what information has Insurance Ireland collected as a matter of fact in terms of dealing with the different companies it represents? Surely Insurance Ireland is already collecting some of these data.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Is this information made available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I am sorry to go over this again but on each day of these hearings, we have been hearing that Insurance Ireland is withholding data and that it has the data. Mr. Thompson is stating that Insurance Ireland has access to the data but has not broken them down. Consequently, Insurance Ireland must collect those data and publish them or give them to the Central Bank and the joint committee must...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Insurance Ireland has put all the information it has into the Central Bank in a non-granular format.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: The point is if the insurance industry is signalling to the market there will be an increase of 30% or 40%, it must have a reason for saying that. Insurance Ireland must have hard data giving it the information that this will be the case. I will revert to the earlier point about which I was not being flippant. The witness who appeared before the committee this morning was paying...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I have a question as to the €10,000. A sum of €10,000 was paid for information that is already available. The person in question did not pay the €10,000-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Sorry. What did you say, Mr. Horan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Can Insurance Ireland make that available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: It is making it available to the guy who pays it €10,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: I am not asking who might be interested. I am asking why Insurance Ireland does not publish that information.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: No. Why would Insurance Ireland not publish it? It is anti-fraud and we want to know about it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)
John McGuinness: Why is the person in question paying €10,000 for it?