The Government is doing its part to reduce the cost of insurance throughout society not only through the introduction of the Bill, but also through the successful implementation of the penalty points scheme and the forthcoming Civil Liability and Courts Bill, which should speed up the litigation process further and help to significantly cut the number of false claims. It is now the turn of the insurance companies to start taking responsibility for lowering prices. They cannot be allowed to just convert these savings into profits. They have a responsibility to this country. Insurance prices, as they currently stand, are not acceptable. They severely affect our competitiveness and put jobs at risk. Commercial liability insurance now costs an estimated €2 billion annually. Insurance is not an option but a necessary requirement and people and companies cannot simply decide that they do not want insurance. The insurance companies have a responsibility to address this issue, but they have yet to accept it. They continue to cream profits to the cost of the citizen and the State. The insurance companies will claim that the cost of insurance has come down by 20% in the past eight or nine months, forgetting that premiums went up by 150% in the previous 18 months.