Results 11,401-11,420 of 26,486 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Again, therefore, it is a question of empowering the regulator-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: -----to be able to compel the company in that particular action.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: We will move on then to the Injuries Board. In the beginning when the Injuries Board was set up, it had a major impact on the settlement of cases. I think that is fair to say, is it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Why, then, is it that when claimants come to the Injuries Board they must bear their own legal costs? If solicitors or legal representatives working through the PIAB were able to get their legal costs there as part of the settlement rather than the claimant having to pay, if it were all part of the settlement, would that not encourage them to settle through the PIAB rather than encouraging a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: One starts with that, then.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: The book of quantum was first put in place under the Personal Injuries Assessment Board Act 2003, and independent consultants were appointed to manage it at that time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Independent consultants have now been appointed to carry out a review of that and present a fresh book of quantum, but the revised version is based on 2013 and 2014 statistics. Is that acceptable?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Regarding the question of the broker versus the insurance company, what is the profit markup?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Does that broker provide competition?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: It provides competition at that level, but do the brokers not all go back to the same set of companies on top?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Do we know the margin of profit?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: How does a broker make a profit? One can look at how prosperous a broker is and say he is doing okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: I was not examining the AA’s specific case. I am more looking at the general idea of what kind of profit the broker would make in motor insurance. There really is not a figure for that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Did the insurance database operated by the Garda cost €6 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: There was no sanction against the insurance companies for not providing the data.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: I thank the delegations for attending the meeting. Mr. Conor Faughnan, Mr. Colm Carey, Mr. Kian Griffin and Mr. Justin Moran gave us much information. Their submissions have been significant and will form part of our consideration of this issue. The argument about young drivers and older drivers has gone on for yonks. It keeps on coming up in different presentations but is the same issue....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: We are in public session. I welcome the witnesses, Mr. Dermott Jewell and Mr. Raymond O'Rourke, from the Consumers' Association of Ireland. I remind you that you are protected by absolute privilege in respect of the evidence you are to give this committee. You are directed that only evidence connected with the subject matter of these proceedings is to be given and you are asked to respect...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: I am sorry to interrupt but do you have any evidence of that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: This presumably was negotiated by the union on behalf of its members.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: Thank you Mr. Jewell. I now invite members to ask questions.