Seanad debates

Wednesday, 5 November 2003

Insurance Industry Reform: Motion.

 

10:30 am

Photo of Brendan RyanBrendan Ryan (Labour)

I move amendment No. 1:

To delete all words after " businesses today;" and substitute the following:

–Notes that only 20 of the 67 recommendations of the Motor Insurance Advisory Board have so far been implemented by the Government,

–Notes that all other legislation promised has been delayed in spite of many promises,

–Notes that the Government has so far failed to bring any real competition into the insurance market,

–And, therefore, condemns the Government's failure to respond promptly and effectively to the crisis facing businesses and consumers in the face of rapidly escalating insurance costs.

According to RTE's website, on 20 September 2002, the Tánaiste announced that the reform of the insurance industry was her number one political priority – and so it should be. The problem did not emerge, however, in September 2002. We spent many years before that wondering when the report of the Motor Insurance Advisory Board would be completed. After it had arrived in the Tánaiste's office, we then sought to ascertain when it would be published. I never managed to figure out why it took so long to put it together and then publish it.

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