Results 12,221-12,240 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: The 2010 estimate is that one third, 33%, do not have insurance cover but there is no up-to-date figure in that regard. The statistics quoted by Mr. Thompson regarding the percentage of property insurance policies that include flood cover relate to households that have a policy in place. Mr. Thompson also said that in areas where flood schemes have been completed, 83% of property insurance...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: If there is a high excess amount attached to a policy an insurer could claim that the policyholder has flood cover, but it comes at a very high price if the policyholder is taking the hit for the first X thousand of euro in the event of a flood event occurring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: Perhaps Mr. Thompson would elaborate on geo-coding and how Insurance Ireland members assess the risk profile of individual areas down to street level and so on regarding flood risk.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: Does Mr. Thompson have any data on the number of homes or businesses whose flood cover was withdrawn at the point of policy renewal even in situations where schemes in their areas have been completed by the OPW?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: On demountables, I recall that when the OPW put draft plans on display for the Cork flood relief scheme in the summer of 2014 Insurance Ireland issued an immediate statement to the effect that permanent fixed flood defences built to a standard of one in 100 years as of 1 January 2012 are the minimum that should be implemented if insurance is to be a viable proposition in the areas to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: In his opening statement, Mr. Thompson cited four examples of demountable failures in the UK. Is he aware of any failures in Ireland in relation to OPW schemes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: Is Mr. Thompson confident that through its work with the OPW, Insurance Ireland will reach the point of being able to recognise demountables as of equivalent standard to permanent defences and will treat them equivalently in insurance terms? How close are we to that point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Michael McGrath: I thank Dr. Surminski for her opening statement in which she referenced transparency a number of times. She said there could be a lot of progress regarding transparency and that this might go a long way to resolving the issue. Can Dr. Surminski explain, in practical terms, what needs to be done to achieve what she believes can be achieved? On the principle of flood cover being provided in...

Written Answers — Department of Jobs, Enterprise and Innovation: Departmental Agencies Staff Data (23 Nov 2017)

Michael McGrath: 62. To ask the Minister for Jobs, Enterprise and Innovation the staffing levels at the Irish Auditing and Accounting Supervisory Authority; if she is satisfied with the levels of staffing; if the authority is in a position to fulfil its functions effectively with existing resources; and if she will make a statement on the matter. [49815/17]

Written Answers — Department of Finance: Tax Collection (23 Nov 2017)

Michael McGrath: 77. To ask the Minister for Finance further to Parliamentary Question No. 67 of 16 November 2017, the penalties that will now apply to persons who come forward with a declaration after the 4 May 2017 deadline; and if he will make a statement on the matter. [49817/17]

Written Answers — Department of Finance: Tax Collection (23 Nov 2017)

Michael McGrath: 78. To ask the Minister for Finance further to Parliamentary Question No. 67 of 16 November 2017, the role of financial institutions regulated here in providing information to the Revenue Commissioners in respect of offshore income sources and assets; and if he will make a statement on the matter. [49818/17]

Written Answers — Department of Finance: State Aid Investigations (23 Nov 2017)

Michael McGrath: 79. To ask the Minister for Finance the contact with a company (details supplied) including details of meetings held and correspondence exchanged since 1 September 2017 in respect of the collection of the money due under the EU state aid rules; the position on this issue; and if he will make a statement on the matter. [49819/17]

Written Answers — Department of Finance: Central Bank of Ireland Supervision (23 Nov 2017)

Michael McGrath: 80. To ask the Minister for Finance the Central Bank's role in monitoring the methodology used by bank lenders, non-bank lenders and unregulated lenders to calculate mortgage arrears; the enforcement powers the Central Bank has relating to the miscalculating of mortgage arrears; the steps that the Central Bank has taken regarding the apparent miscalculation of mortgage arrears by (details...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (23 Nov 2017)

Michael McGrath: 81. To ask the Minister for Finance if the Central Bank has undertaken reviews or investigations relating to the miscalculation of mortgage arrears in individual lenders or in the industry as a whole; the number of investigations that have taken place; the outcomes of those investigations; and if he will make a statement on the matter. [49839/17]

Written Answers — Department of Finance: Financial Services Ombudsman Data (23 Nov 2017)

Michael McGrath: 82. To ask the Minister for Finance the number of cases taken to the Financial Services Ombudsman in each of the past four years regarding the miscalculation of mortgage arrears, the number that were found in favour of the borrower; the number that were found in favour of the lender; and if he will make a statement on the matter. [49840/17]

Written Answers — Department of Finance: Mortgage Data (23 Nov 2017)

Michael McGrath: 83. To ask the Minister for Finance if legal proceedings have been taken place against the borrowers involved in the apparent miscalculation of mortgage arrears; if the borrowers have lost homes; and if he will make a statement on the matter. [49841/17]

Written Answers — Department of Finance: Central Bank of Ireland Supervision (23 Nov 2017)

Michael McGrath: 84. To ask the Minister for Finance if the Central Bank has authority to investigate and impose a fine on an unregulated loan owner in the event that the loan owner has miscalculated the amount of mortgage arrears a borrower faces; when the function of calculating mortgage arrears lies with the unregulated loan owner and not the regulated credit servicing firm; and if he will make a statement...

Written Answers — Department of Finance: Motor Insurance Regulation (23 Nov 2017)

Michael McGrath: 85. To ask the Minister for Finance his plans to publish the actuarial report on the liquidation of a company (detail supplied); the estimate of the number of former policyholders of the company who could be made personally liable for outstanding claims; and if he will make a statement on the matter. [49843/17]

Written Answers — Department of Finance: Motor Insurance Regulation (23 Nov 2017)

Michael McGrath: 86. To ask the Minister for Finance the progress on the motor insurance compensation framework; the progress of legislation to protect policyholders and claimants in the event of a liquidation of a freedom of service insurance company; the extra protections that have been established since the Supreme Court decision on a company (detail supplied); and if he will make a statement on the...

Written Answers — Department of Justice and Equality: Courts Service Data (23 Nov 2017)

Michael McGrath: 134. To ask the Tánaiste and Minister for Justice and Equality the number of cases that have come before the courts against persons for providing false or misleading evidence as part of an insurance claim; the number of convictions for same; and if he will make a statement on the matter. [49816/17]