For consumers, the high cost of motor and household insurance has been a serious imposition. Faced with major increases in the cost of living and the rising level of stealth taxes, motorists and householders have faced exorbitant demands from insurers for increased premiums across the board. There is no doubt that premiums have started to come down already, even without the enactment of the reforms contained in this Bill and the Bill promised by the Minister, Deputy McDowell. However, the levels of the reductions and the inability of the insurance companies to commit to specific levels of reductions is of concern.