Seanad debates

Wednesday, 5 November 2003

Insurance Industry Reform: Motion.

 

I ask the Tánaiste to give the House an outline of progress on the legislation. At a meeting of the Joint Committee on Enterprise and Small Business it was proposed that priority be given to the establishment of this board as quickly as possible on a full and statutory basis. It is hoped the PIAB will extend from personal injuries into the area of motor insurance and claims. We believe it will expedite the settlement of claims in a fair and balanced manner and will ensure the cost of insurance comes down.

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