Results 11,601-11,620 of 26,771 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: That is fine. What the witnesses are telling me now is that, apart from the published information through the Central Bank, there is other information that is helpful to the marketplace in terms of insurance houses and big companies. If they were to pay Insurance Ireland €10,000, it would make that information available to them. Is that right or wrong?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

John McGuinness: Is that the only add-on piece of information this man is getting for his €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: Does he receive extra data for his €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: The witness is not answering the question. Insurance Ireland sends it data to the Central Bank. I understand all that. Is there extra information that is available to Insurance Ireland that it makes available to the likes of the client that we had this morning that it does not put into the public domain but that may be of interest to companies coming into the market? Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

John McGuinness: I believe the most important point is this, Mr. Thompson. I now believe, from this exchange, that Insurance Ireland has information that it does not share and that it should share to enable Ireland Inc. to have a competitive insurance sector. That is what I now believe from this exchange. Senator Conway-Walsh, who raised the issue again, might like to address that.

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 conscious of the time. We have had all of these scheduled hearings. There may be issues that we would like to address again. I would hope that if that were to be the case, the representatives of Insurance Ireland would come before us again to bring this to a head.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

John McGuinness: We may return to the matter in the context of our report and what the Central Bank might say. There is one more question before we go. I am not going to delay. The Irish Road Haulage Association stated it had a public forum for its members and a question was raised by the president in respect of insurance for trucks that were abroad 90% of the time and their insurance premiums but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

John McGuinness: We will write to Mr. Thompson in relation to some of the queries. I just wanted to put that on the record and we will check with him again.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (Resumed) (15 Sep 2016)

John McGuinness: Yes. We will return to it. For the moment, we thank the witnesses for attending. It has been a long session for them but it has been worthwhile from our side. We will now adjourn until 9 a.m. on 29 September, when we will meet the Ministers. We may schedule another meeting, depending on how we get on with our own report.

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

John McGuinness: We will now resume our meeting in public session and deal with the rising cost of motor insurance with the representatives of the Irish Road Haulage Association; the Irish Taxi Drivers Federation; the Car Rental Council and the Freight Transport Association Ireland. I welcome all of the witnesses. Each will take five minutes to make an opening statement. I draw the attention of witnesses to...

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

John McGuinness: I thank Mr. Redmond and call on Mr. Neil McDonnell.

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

John McGuinness: I thank Mr. McDonnell and will now turn to the members. I call Senator Kieran O'Donnell.

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

John McGuinness: I will ask the members to agree that the opening statements from the witnesses would be sent on as well.

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

John McGuinness: Ms Verona Murphy mentioned in her opening statement that she made the point at a recent open forum that as hauliers spend 90% of their time abroad, there is only a 10% chance of an accident here. Did they not answer?

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

John McGuinness: What about the 43% figure?

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

John McGuinness: How many does that represent?

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

John McGuinness: How many is that?

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

John McGuinness: Ms Murphy mentioned a report of 2012 several times. Is that a report from the Department of Transport, Tourism and Sport?

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

John McGuinness: What is the title of that report?

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

John McGuinness: What does it deal with?