Results 361-380 of 1,021,333 for in 'Dáil debates' OR (speaker:Anne Rabbitte OR speaker:Violet-Anne Wynne) in 'Committee meetings'

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Ruairi Ó Murchú: 66. To ask the Minister for Finance the short- to medium-term plans of the Government to ensure reductions in premiums for insurance products, particularly public liability insurance; and if he will make a statement on the matter. [22690/24]

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Ruairi Ó Murchú: 82. To ask the Minister for Finance the Government's priorities in respect of insurance competition work and reform of the insurance market for the remainder of 2024; and if he will make a statement on the matter. [22689/24]

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Ruairi Ó Murchú: I wish to ask the Minister of State about the Government's short- and medium-term plans to ensure there are reductions in premiums for insurance products, particularly public liability insurance. This question follows on from the question that was previously on the floor. We are talking about reductions in settlement costs and the reforms that have happened in respect of duty of care, etc....

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Neale Richmond: I propose to take Questions Nos. 66 and 82 together. I thank the Deputy for his questions. As has been outlined and is quite clear, insurance reform remains a key priority for this Government and is being delivered via the action plan for insurance reform. As the Deputy is aware, neither the Minister for Finance nor the Central Bank of Ireland can direct the pricing or provision of...

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Ruairi Ó Murchú: We know what the Minister of State cannot do but it is a question of what he can do and what interaction he intends to have with these insurance companies as premiums are still going up. I get the idea that we knew that an issue existed in respect of duty of care. An argument could have been made that it could have been dealt with at an earlier stage. The problem was that a huge number of...

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Neale Richmond: I thank the Deputy for his supplementary contribution. As I have laid out, I have met seven of the nine major insurers at this stage. I have also met the representative bodies of the insurance industry, representatives of the Law Society of Ireland and the brokers, as well as representative groups in the hospitality industry, at a round table and in one-on-one meetings. I have another such...

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Ruairi Ó Murchú: We want far more companies to come into the market. We need the likes of OUTsurance, or whoever else, to engage specifically on public liability insurance. We know the issues that exist and the other added costs at the moment. It is an issue that affects community events, event tourism, sporting and community organisations. We all know the ridiculous premiums that have been charged for...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (21 May 2024)

Catherine Connolly: I understand that. The Minister has taken the trouble to read the reports. I understand the difficulties. Suggestions have been made by the Department of Finance to establish our own database. What progress has been made on that? Let me come back to the decision, which I welcome. Obviously, those concerned are operating in a policy vacuum. It has come from Dáil questions and...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: National Treasury Management Agency (21 May 2024)

Michael McGrath: The factual position is that ISIF is statutorily independent and subject to oversight by its investment committee and the NTMA's board. Under statute, I, as Minister for Finance, do not have a role in ISIF's implementation of its investment strategy. The investment strategy does operate within an ESG framework, which the Deputy has correctly highlighted. This is not the only ESG issue it...

Ceisteanna Eile - Other Questions (21 May 2024)

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Insurance Industry

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Pádraig O'Sullivan: 65. To ask the Minister for Finance if he will provide an update on, or detail the progress of, the Office to Promote Competition in the Insurance Market; to outline his Department’s engagement with insurance companies; and if he will make a statement on the matter. [22711/24]

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

David Stanton: 94. To ask the Minister for Finance to report on any recent interaction by his Department with the insurance industry; and if he will make a statement on the matter. [22729/24]

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Pádraig O'Sullivan: Will the Minister for Finance provide an update on, or detail the progress of, the Office to Promote Competition in the Insurance Market, outline his Department's engagement with insurance companies and make a statement on the matter?

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Neale Richmond: I propose to take Questions Nos. 65 and 94 together. I thank Deputies O'Sullivan and Stanton for their very timely and pertinent questions. As they will be aware, insurance reform remains a key priority for this Government and is being delivered via the action plan for insurance reform. As per the most recent action plan implementation report, published in February 2024, the vast bulk of...

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Pádraig O'Sullivan: I have no doubt that the Minister of State is acutely aware of the considerable costs faced by businesses in the current environment. The price of energy and the costs of purchasing and processing materials are considerable. It is no different with insurance premiums. Recently, Brian Hanley of the Alliance for Insurance Reform said insurers told the group that reforms were necessary for...

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

David Stanton: I thank the Minister of State for his response. Following events like Storm Babet in east Cork, is he aware of delays in payouts to consumers and of the stress that can be caused if people must wait for a long period to have their claims met and indeed if they have to jump through all kinds of hoops to make a claim in the first place and have it accepted? Is there anything we can do to make...

Ceisteanna Eile - Other Questions: Insurance Industry (21 May 2024)

Neale Richmond: I thank the Deputies for the supplementary questions. I acknowledge absolutely the acute costs facing businesses. This issue is very relevant to my previous role. I have met representatives of the Alliance for Insurance Reform already. We had a recent roundtable event for those in the hospitality sector, which they attended. We expect other companies to enter the market. As I laid out,...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Customs and Excise (21 May 2024)

Pearse Doherty: The Minister does not get this. He proceeded with one increase last month, which was the wrong thing to do at the wrong time again. Now he s planning for and has legislated for this increase in 70 days and legislated for a further increase two months later. It is not just those people who are struggling. It is not just the people who have to fill their tanks. Every time they put a litre...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Customs and Excise (21 May 2024)

Michael McGrath: The Deputy will be aware that we are having this debate because the Government cut excise duty back in 2022. That was the right decision at the time. The restoration that has taken place since has been on a phased basis and one final phase of that restoration was due. I have given a commitment to the House on a number of occasions that this will be kept under review. Luckily I did not...