Results 11,421-11,440 of 26,512 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: Could I stop Mr. Faughnan-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: In terms of the database, for example-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: There is no difference between the companies here and the companies abroad.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: They are all under the one interactive name.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: They do it in the North and in Great Britain, as Mr. Faughnan said. What is so complex about the market in Ireland that allows the companies to say it is very difficult? Whenever anyone wants to get away from a problem, even in these Houses, he or she will mention data protection.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)
John McGuinness: That suddenly puts the frighteners on everybody. However, if they can do it in Britain and Northern Ireland, why is it not being done here? Why do the companies not do it?
- 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?