Results 12,421-12,440 of 35,658 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: I appreciate that. The reality is that the witnesses confirmed that over a period of six months, FBD did not report more than 19 such cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: I welcome that, but I wish to get into the issue of fraudulent claims rather than exaggerated ones. Fraudulent claims are a separate issue. It is a nice headline from the industry. Do the representatives believe that the insurance industry only reporting 19 fraudulent claims to the Garda in a period of six months is an accurate reflection of the level of suspected fraudulent claims within...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: That is over a period of one year from June 2018. How many claims have been received by Allianz?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: That indicates that 1% of claims are reported by Allianz.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: There is a suspected fraudulent-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: Why are those cases not reported to the Garda if they potentially involve fraud?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: The claims are investigated by Allianz.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: In 19% of cases, Allianz concludes there is no fraud. As such, the real figure for cases involving suspected fraud is 1%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: Surely, Allianz is not settling fraudulent claims.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: Allianz is not required to prove that there is fraud. It is not for the industry to do so but, rather, to report suspected crimes to the Garda. Surely the industry reports suspected crimes to the Garda in order that it can investigate them. Mr. McGrath stated that after carrying out internal investigations, only 1% of claims are reported to the Garda. Is that an accurate figure in respect...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: The figure for a one-year period gives us a good sense of the true position. How many fraudulent claims has AXA reported to the Garda?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: Over what period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: Over a six-year period, AXA has reported 50 claims or approximately eight claims per annum. How many claims are being processed by AXA?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: The figure for suspected fraudulent claims within AXA is a fraction of 1%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: If an insurer believes that a claim is fraudulent, should it not report it to the Garda regardless? AXA has carried out its own internal investigation, it believes that the claim is fraudulent and it is willing to come before this committee and provide figures on what it suggests is the number of potential fraudulent claims. When we drill down, however, out of 5,000 claims per annum, AXA is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: It does not matter whether they are withdrawn. The crime has been committed. It may save AXA, but someone is committing a crime. AXA must report fraudulent claims to the Garda whether or not they are withdrawn.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: This is the issue. We have listened to discussion on this issue for quite a while. As I said, I know there are issues with fraudulent and exaggerated claims but they are not occurring on the scale the witnesses are suggesting, and the last ten minutes have just proved that. We have heard figures such as 20%, 10% and so on. Ms Muldoon is shaking her head, but either FBD is failing as a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: I am not. FBD's claims number 65,000 per annum. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: I refer to the reforms for which many of us in these Houses are arguing and which would see the issue of fraudulent claims dealt with by the Garda fraud squad or the establishment of a variation of it. When will the insurance industry give us some transparency and tell its consumers and us as politicians bringing in these types of reforms what this will mean for customers? In October 2002,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Sector: Discussion (4 Jul 2019)
Pearse Doherty: Allianz argues that claims costs are not coming down. Its profits are increasing quite sizeably, but premiums will not come down.