Results 11,681-11,700 of 26,208 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Of the 65% to 70% figure, on the personal injury side, Mr. McGrath said that for Allianz the figure is 70% and approximately 30% goes on legal fees. What is AXA's breakdown for personal injury claims?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: The breakdown ratio is roughly 70% and 30%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: I will move on to Ms Muldoon of FBD. The representatives of AXA and Allianz have said they get approximately 5,000 personal injury claims each year. I ask Mr. McMahon how many personal injury claims FBD would settle a year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Based on the figures, can I have a breakdown of how much is paid out in terms of €100 of premium taken in? In the case of AXA, Mr. Bradley indicated that of €100 premium taken in, 95% is paid out. In the case of FBD, will Ms Muldoon indicate with respect to €100 of premium taken in how much is paid out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Some 89% is paid out. What is the make-up of that 89%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: So it is equivalent.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: What is the breakdown on the personal injury side between the awards and the legal costs?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: What does Ms Muldoon think it is?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: I accept that. I want to be fair. Has Mr. McMahon been selective in what he has picked? He picked four claims, one of which is a stress claim. There was a settlement of €60,000, and €73,000 in costs, which means that 55% of the overall payout was in legal costs. The second case related to an injury that occurred in a car park. Mr. McMahon stated there was a claim of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: When people use the phrase “complex issue”, it is normally a way of not wanting to-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Ms Muldoon is a representative of a large company. Such companies have access to data to which we do not have access. They analyse data and employ actuaries to examine projections and costs. Ms Muldoon should not state that it is complex.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: She should not come in here and say that an issue is complex. The facts are known. I need our guests to explain the inconsistencies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: Ms Muldoon did not irritate me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: They were selective.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: If the book of quantum comes back with a reduction in the awards that can be offered in personal injury claims, will our guests provide a guarantee that they will reduce their premiums? If the book of quantum is revised, we cannot have circumstances in which insurance companies, under the cloak of awaiting the book of quantum, can make massive profits from hard-pressed consumers. Could AXA,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Kieran O'Donnell: For consistency, Mr. McGrath and Mr. Bradley should also respond.
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Kieran O'Donnell: I welcome the Minister of State to the House. He is no stranger here, and he is doing a great deal of work. As an aside, now that Senator McDowell has heralded his standing in the next general election, whenever that is, he might give us a preview of his slogan for when he goes up that pole and hammers the nail. That might be interesting.
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Kieran O'Donnell: I hardly think so. I welcome the summer economic statement. Taking an overall view, I approve of the approach taken with this particular summer economic statement in that it deals with Brexit, which is hanging over us. There is no point in saying otherwise. Brexit is a certainty, and there is now a strong possibility of a hard Brexit. We have to be prudent, and we have to be true to our...
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Kieran O'Donnell: Only slightly.
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Kieran O'Donnell: I note the Senator's tone has dropped an octave.