Seanad debates

Wednesday, 5 November 2003

Insurance Industry Reform: Motion.

 

I read in the Sunday newspapers with interest and alarm that there seem to be some differences at Government level over the proposed Personal Injuries Assessment Board. Perhaps, from what the Tánaiste said this evening, these have been overcome. I welcome the establishment of this board and hope it will play an effective and important role in helping to minimise costs. It is vitally important that the PIAB operates effectively and fairly and does not become an additional layer of bureaucracy, nor an additional burden on policyholders. I look forward to seeing the PIAB in action. The Government has spoken of the need for such a board time and again and I know that the Department is dealing with the issue. However, today 18 months after the MIAB report, no such board exists. Again, the Tánaiste signalled that we will have legislation in a week or two.

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