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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: I do not want to get into a detailed exchange about Brexit.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Yes, if you wish.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Before Ms Murphy responds, I ask Senator Horkan to move his mobile phone from beside his microphone because the constant interference means that no one can hear what is going on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: With the permission of members, I will ask Senator Horkan to chair the meeting. In view of what has been said in relation to cartel-like behaviour, and I tend to agree with all that was said about that this morning, I will ask that the transcripts of this meeting, or at least notification of what was said, be referred to the Central Bank and to the Competition and Consumer Protection...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: I am sorry that I missed the witnesses' opening statements, which I have glanced through. However, from listening to the replies they have given to the members, it would appear they are hell-bent on blaming the insurance industry itself. They seem very concerned about the legitimate claims; I admire that part of it. What can the witnesses' organisations do to reduce the costs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: The witnesses spent the last while dumping on the insurance companies. By the way, I am not defending the insurance companies; I have my own view on that. However, I was expecting to hear some more constructive commentary from the witnesses as to how the legal process works and how that might be organised in a better way to give better value for money.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Will the witnesses comment on the Injuries Board process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Explain the legal process.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Just the legal process when one is represented by a solicitor before the Injuries Board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: People go through the process and stay with the solicitors.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: The claimant pays the solicitor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: If the solicitor was paid separately, would that encourage more cases to be settled before the Injuries Board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Has anyone a figure for the number of cases that go from the Injuries Board to court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Where an award has been offered and for some reason is considered not to be enough.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Does Mr. Gilhooly consider 40% to be a high figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Could more be done by the Injuries Board, the solicitors or whoever? Could a better structure be applied to the Injuries Board so as to ensure that a greater number of cases are settled at that level?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Are the companies in the market acting in cartel-like behaviour?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: We have heard of withholding of information or a failure to make information available. We heard this morning from the Irish Road Haulage Association of insurers not answering that organisation in an open forum on issues relating to insurance and so on. If we had the information our work might be far easier, or we might not be here now. Does that smack of an arrangement between the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: Do you think there is a data protection issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (13 Sep 2016)

John McGuinness: That means the firms in the market have to make a collective effort.

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