Results 1,481-1,500 of 6,295 for speaker:Michael D'Arcy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: The major recommendation is that a new set of guidelines be drawn up between Insurance Ireland, the Garda and the DPP. It should be ensured in particular that any case dismissed in court on the grounds of false or misleading evidence, whether under section 26 or otherwise, is automatically at least considered for investigation by the Garda. It would be an automatic investigation,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: We expect that before the end of the third quarter of this year.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: I will conclude this point by stating the working group strongly believes there is an onus on all of the insurance providers themselves to be more proactive in tackling fraud by fighting dubious claims, putting more resources into detection, building up a strong evidence basis and following up cases with the Garda at regular intervals. This reverts back to some of the insurance companies...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: Even if the company did go back, it would only be a consultation. That is all, it is a matter for the insurance company.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: I do not think it would. It is the prospect of-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: No. It is the prospect of having to pay the legal costs that is the bigger issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: Senator Horkan should shop around.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: That could be the case. He may be a very low risk.

Pay Inequality in the Public Service: Statements (Resumed) (24 May 2018)

Michael D'Arcy: I want to put the costs on the record of the House. The Public Service Pay and Pensions Act 2017 will cost the Exchequer an extra €1.32 billion. The cost for 2019 is €372 million. It is important that people recognise this is the cost of the pay deal. I listened to the debate with interest and I take issue with the idea coming from some Deputies that the public service,...

Pay Inequality in the Public Service: Statements (Resumed) (24 May 2018)

Michael D'Arcy: -----but that is good. I reiterate that 60,500 hired since 2011 are still serving in new-entrant grades. Included are 16,000 teachers and 5,000 SNAs. I want to touch on some of the matters raised. Deputy Cullinane said it was wrong to do what was done but it was agreed by the unions. People seem to choose to ignore that. At the peak of the crisis, the Deputy's then leader wanted us...

Pay Inequality in the Public Service: Statements (24 May 2018)

Michael D'Arcy: I welcome this opportunity to discuss the issue of new entrant pay scales for public servants. The context for the introduction of such scales by the then Government in 2011 is important. It merits reflection and repeating. In order to address the calamitous fiscal crisis at that time, nine budgetary events involving €30 billion in consolidation measures were announced between 2008...

Palestine: Statements (Resumed) (17 May 2018)

Michael D'Arcy: On behalf of the Government, I thank Deputies for their contributions to statements on the tragic and appalling events in Gaza in recent days and weeks. They have passionately articulated the shock and concern of the people at these events. The Government fully shares these sentiments. The Tánaiste and Minister for Foreign Affairs and Trade, Deputy Coveney, listened carefully to the...

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael D'Arcy: I have to disagree with the Deputy. The cost of insurance working group has put a lot of effort and energy into dealing with this issue. We are now on the meat-and-two-veg legislative side of things which involves communication between the Department of Finance, the Department of Justice and Equality and the Department of Transport, Tourism and Sport. We must also speak to other...

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael D'Arcy: I thank the Deputy for his support. I know that the reforms are legitimately supported on every side of the House. Let us make no mistake that the biggest issue we face in the insurance sector is the extraordinary level of awards. The report conducted by officials in the Department of Finance on rewards and benchmarking them with those made in the United Kingdom, our nearest neighbour,...

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael D'Arcy: I thank the Deputy for his question. The development of the national claims information database is a complex project as insurers very often record data in different ways and do not necessarily use the same definitions. At the end of 2017 work was completed by a data sub-group of the cost of insurance working group on the development of the legislation which would enable the Central Bank to...

Topical Issue Debate: Public Liability Insurance (10 May 2018)

Michael D'Arcy: I thank the Deputy. This is a good opportunity to answer the question on insurance. There is one line from the report which is very relevant. It says that if we have high awards, we will not have low premiums, and we have very high awards in our insurance sector. All one has to do is look at any of the awards at the moment. Some of them are quite staggering. Both I and the Government...

Topical Issue Debate: Public Liability Insurance (10 May 2018)

Michael D'Arcy: Yes, all actions.

Topical Issue Debate: Public Liability Insurance (10 May 2018)

Michael D'Arcy: One of the things I found early in this process was that different companies have very different business models. There is a very great difference between FBD's model and Aviva's model. They all operate and they are all profitable but they all operate in different ways. One of the biggest issues in the conversations we will have in these Houses will be the capping of claims. As I have...

Questions on Promised Legislation (9 May 2018)

Michael D'Arcy: The cost of insurance working group has been working pretty hard on this. The Office of the Parliamentary Counsel is drafting the legislation at present and we hope and expect that the Bill will be published before the end of this session.

Seanad: Report on Credit Union Sector: Statements (9 May 2018)

Michael D'Arcy: On behalf of the Minister for Finance, I welcome the committee's report. Along with the 2016 report of the Credit Union Advisory Committee, CUAC, and its forerunner, the 2012 report of the Commission on Credit Unions, it makes an important contribution to the debate on credit union reform. The committee's report was the subject of a memo to the Government and was debated during Private...