Seanad debates

Wednesday, 26 February 2003

10:30 am

Photo of Jim WalshJim Walsh (Fianna Fail)

It is interesting to see Fine Gael and the Labour Party, which were strong advocates of the abolition of the dual mandate in the last Dáil, making a volte-face. Will the Leader consider holding a debate on the cost of insurance in general and liability insurance in particular? The long-term implications for industry and employment are seriously affected by circumstances in the insurance industry. Legal costs are a huge impacting factor in the prohibitive cost of insurance. The advocacy rather than inquisitorial approach of the court system should also be looked at. I would like to think the issue of competition within the sector would receive an airing. Is there any legislation pending in this area? This is one of the most serious challenges facing the economy.

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