Seanad debates

Wednesday, 5 November 2003

Insurance Industry Reform: Motion.

 

10:30 am

Photo of Pat MoylanPat Moylan (Fianna Fail)

I welcome the Minister of State at the Department of Enterprise, Trade and Employment, Deputy Michael Ahern, and pay compliment to the Minister of State at the Department of Agriculture and Food, Deputy Aylward, and the TanĂ¡iste for being with us this evening. The way in which she has been tackling the difficulties that people have been facing with insurance costs is commendable.

When we look at the buzzwords over the last number of years, the main ones have centred on the problems of young drivers and car insurance. We welcome the statement by the TanĂ¡iste about the matter. I have spoken to many young people who informed me that there are no problems in getting car insurance now. Insurance quotes are now certainly less than they were in the past. I understand the increases were substantial over the last few years, so there is much room for the insurance companies to reduce premia.

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