Seanad debates
Thursday, 4 March 2004
Order of Business.
11:00 am
Paddy Burke (Fine Gael)
We see again today that some insurance companies have made massive profits. It has now come to light that young insured drivers are not paying the price for such profits — it is the older, seasoned drivers whose premia are escalating by a large percentage. When people shop around for cover, they can see big differences between insurance companies quoting for new business. Senator Ross has already raised the issue of brokers, but brokers are not the problem in this respect. I would welcome a debate on the insurance sector, including premia costs, if the Leader could arrange it.
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