Anthony Lawlor (Fine Gael) | Oireachtas source

I will not be long. The Bill allows the Minister to introduce regulations that have to be passed by both Houses. It is about claims inflation, which has allowed claims to be four and a half times higher than in the United Kingdom. Claims inflation is a result of what the Judiciary is imposing on insurance companies regarding pay-outs. This leads to premium inflation, which has affected every one of us. Every small business and every citizen experiences some form of inflation. There is a cost imposed on the ordinary person and small businesses. This Bill is in the public interest.