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Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: I welcome the Minister of State, Deputy D'Arcy, to the Chamber once again.

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: He is a frequent visitor. He obviously likes it here. The budget has been in place for virtually two months. The hallmark of a budget is to set in place an overarching vision and framework of where a Government is at. Operating with limited resources, a budget should be about what one wishes to achieve with the resources available. First, that should be about spreading those resources in...

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: Yes, absolutely. The humble politician is an oxymoron in its own way. The issue is the standard rate of tax and I look at it as entailing a series of measures. It cannot be done overnight but what was put forward in this budget was that the Government will seek to do that and, to follow in that vein, to increase the standard rate bands. It makes absolutely no sense that someone who is on...

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: Yes. I look forward to the measures for affordable housing and, more specifically in the context of Georgian Limerick, I look forward to the Limerick city initiative. I will discuss it on Committee and Report Stages. There were two aspects. Tax relief was brought on for the living city initiative. There is a very slow take-up in Limerick. We are a Georgian city. Limerick city centre...

Seanad: Student Universal Support Ireland: Statements (23 Nov 2017)

Kieran O'Donnell: Limerick city has many third-level institutions, including the University of Limerick, UL, Mary Immaculate College, now called MIC, and Limerick Institute of Technology, LIT, but it also has many private colleges, including Griffith College and Limerick City College. I commend the report of the education committee because it highlights practical measures to be taken.People are coming to us...

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

Kieran O'Donnell: There are serious problems with flooding in County Limerick, as there are in County Cork. I expect that the witnesses are reasonably familiar with the issues involved. In addition to tidal flooding, there has been flooding along the River Shannon as it flows down from Lough Derg. I have encountered many people who are unable to get flood insurance because their properties are on flood...

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

Kieran O'Donnell: Am I going over old ground here?

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

Kieran O'Donnell: Yes.

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

Kieran O'Donnell: Yes.

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

Kieran O'Donnell: It was done by Jacobs.

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

Kieran O'Donnell: Yes.

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

Kieran O'Donnell: It zones in on events that are expected to take place once in 100 years.

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

Kieran O'Donnell: This is the key metric which is used.

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

Kieran O'Donnell: Yes, that is the point I am trying to-----

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

Kieran O'Donnell: I will cut to the chase regarding the question I am asking. Is there a route, parallel or otherwise, through the new CFRAM study that is coming out? A draft version of it has been made available to people. Individuals in my local area in Limerick city have looked at the CFRAMS and found that changes to the old maps have been made in the new maps. What I am saying is that it is a living...

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

Kieran O'Donnell: Does it present an opportunity to put manners on the insurance industry and to ensure people who may be affected by events that are expected to take place once in 100 years, according to the CFRAM study, would have to receive insurance quotes?

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

Kieran O'Donnell: I am basing my remarks purely on the new CFRAM study which is due to be published very shortly.

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

Kieran O'Donnell: Beware of Greeks bearing gifts.

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

Kieran O'Donnell: I welcome the witness. Are there certain companies in the house insurance market that have the majority share of that market? Are there two or three companies that have 50% or 60% of the market?

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

Kieran O'Donnell: How many main players are in the market?

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