It is obvious that all drivers have slowed down and become more cautious since the penalty points system was introduced. Yet we have seen zero action from the insurance companies in reducing the costs to young drivers. The reason is clear. The insurance companies have recognised that rather than being a burden on their profits, younger drivers are their cash cow, earning them over €200 per head on drivers aged between 22 and 24. This is completely unacceptable, and I condemn the greed and irresponsibility of the insurance companies for their chronic failure in this regard.