Results 15,021-15,040 of 26,228 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: At that point, did the Central Bank make it known publicly, for example in a report, that it had clear reservations about the pricing models under which Central Bank-regulated companies in the Irish motor insurance sector were operating?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Did the Central Bank believe in 2013 that the motor insurance premiums which were being charged in Ireland were too low?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: I want to get the point because I have a limited amount of time available to me. From what we have seen, insurance companies were driving for market share and premiums were coming down. The companies were continuing to make losses. This was bubbling away. As far as ordinary drivers from all age groups who were looking to get motor insurance, including young drivers, were concerned, this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: They would be European accounts. I am talking specifically about the Irish market. Am I right when I say the losses quoted by the Central Bank today are losses in the Irish market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Okay. I am asking specifically about the Irish market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: I have two final points to put to Ms Cronin. I had a quick look at some of the rulings made by the Court of Appeal since November 2015, when it appears to have got going. In some areas, the Court of Appeal appears to have significantly reduced the awards made in the High Court. As Ms Cronin is probably aware, the reductions vary from 30% to 50%. I assume that is factored in. As we have...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Maybe that would bring down the discount rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Does Dr. Roux anticipate that motor insurance premiums will increase or decrease over the next five years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: I would like a short answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Basically, it is the market share.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: The Chairman would like to get Dr. Roux's view on the record.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: It would be remiss of me not to ask about the deposit required to purchase a home. Many first-time buyers regard the level of that deposit as draconian. Dr. Roux might advise on the thinking behind that and his view on the level of deposit that will be required in the future, the type of models that can provide assistance at Government and legislative level to facilitate that process and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: It is a huge issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Would it be fair to say the level of deposit required, especially in Dublin where prices are high but also in other areas such as where I am based in Limerick, has had the unintended consequence of being an adverse supply side measure? It is effectively getting to the point where because there is no demand and people are not able to meet the deposit levels, it prevents supply coming to market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (6 Oct 2016)
Kieran O'Donnell: Does Dr. Roux expect that to happen in the next few weeks?
- Seanad: Order of Business (5 Oct 2016)
Kieran O'Donnell: That is called love bombing.
- Seanad: Order of Business (5 Oct 2016)
Kieran O'Donnell: I have previously raised the matter of the M20 motorway from Cork to Limerick. It is an urgent matter and I have tabled a Commencement matter on it for tomorrow. The motorway is supposed to be part of the Atlantic Way access route, along the western seaboard. The Gort to Galway road is currently being built. It is imperative that the road upgrade gets underway. The majority of the...
- Seanad: Order of Business (5 Oct 2016)
Kieran O'Donnell: No.
- Seanad: Order of Business (5 Oct 2016)
Kieran O'Donnell: I am hedging my bets. I need the Minister to respond.