Results 12,221-12,240 of 36,748 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I understand that. When they settle on a quantum, when they settle on a figure to pay a claimant who may have serious bodily injuries, insurance companies affiliated to Insurance Ireland reject 1,200 of the cases based on the quantum. They go to court and if they are at the higher end, they could make up in excess of 53% of the entire legal costs of all litigated claims in the courts. Let...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: That takes me to the next point. We are just dealing with PIAB at the minute and I did not suggest the insurance companies are clogging up the courts. I am trying to find out, for the cases they have rejected, whether it has been the case that they have been at the higher end. Have they resulted in significant legal fees? For cases above €100,000 the legal fees are significantly...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Can Mr. Hassett explain one thing to the committee? The figure for settlements between insurance companies is above 90% of all claimants. Is that correct?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Yes, direct settlements.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I do not mean the value of cost but rather the number of claims.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I am looking at page 22, which has details on settlement of claims. Under all claim types, it states 94% are directly settled, while 2% are resolved under PIAB and 4% are litigated.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: It is page 22. Anyway, that takes in all claims. Let us move on to personal injury claims.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I understand that. Let us move on to personal injury claims. The figure is 53%. Then 14% of claims are settled through PIAB and 33% of claims are litigated. I do not have the figure before me but we know close to 50% of PIAB awards are not accepted either by the insurance company or the claimant. This corresponds to approximately 6,000 cases per year. It should correspond to 14%. What...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Please look at page 24. In 2018, some 53% of personal injury claims were settled directly by the company while 14% were settled by PIAB. This means approximately 14% of those PIAB settlements were rejected and litigated, but 33% of claims are actually settled through the courts.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: How many cases did the insurance companies refuse eligibility for PIAB to deal with? That is one of the provisions insurance companies have.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Would that arise where insurance companies do not admit liability?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I want to ask about a report done by the Central Bank and the data that Insurance Ireland releases in its annual report and fact file. Is this data the same data?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Why would there be differences? For private motor insurance, does Insurance Ireland deal with all private motor when it reports? Does Insurance Ireland have an insight only into a certain section of the insurance industry?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: What is the proportion?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Sorry, nine or ten what?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I am trying to get a handle on this. We were always relying on the Insurance Ireland fact file. I am seeking an estimate from the Insurance Ireland representatives. What percentage of private motor insurance is covered under the Insurance Ireland fact file compared to the Central Bank report?
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I am talking about market share.
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: Okay, let us say the figure is 90%. Does Mr. Hassett wish to correct the record of a previous committee meeting? Mr. Hassett was before me recently. He stated that his information was that premiums were coming down and had come down. He said they peaked in 2016 and had come down significantly. I challenged him and asked him to produce the facts. He went on to say his understanding was...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: I put the facts about the CSO data to Mr. Hassett at the meeting. I am sick to my teeth of telling people this, including those in the Government. Mr. Hassett knows this better than anyone. The CSO data come from a CSO official telephoning an insurance company and stating that he or she is from the CSO and the office is looking for a price on a particular insurance policy. Then, the...
- Joint Oireachtas Committee on Justice, Defence and Equality: Access to Justice and Legal Costs: Discussion (Resumed) (18 Dec 2019)
Pearse Doherty: One of those figures is the average cost of insurance per motorised vehicle. Is that correct?