Seanad debates

Tuesday, 15 November 2022

An tOrd Gnó - Order of Business

 

2:30 pm

Photo of Aidan DavittAidan Davitt (Fianna Fail) | Oireachtas source

Like everyone in the House today, I extend my condolences to the family and friends of Vicky Phelan. It is a very tough time, particularly for her young family.

Senator Buttimer spoke about the report of the Minister of State, Deputy Fleming, on insurance. I worked on that committee for a while. Much time and work went into that report and it would be a good idea to invite the Minister of State to come to the House to discuss it. It would be very worthwhile. As has been stated in the media, insurance premiums have come down.Motor insurance premiums came down by 17%, on average, between 2017 and early 2022, so over the past four or five years. There have also been reductions in other areas. Some of the key findings are well worth discussing in this House and there are some other issues we could thrash out. The costs are down mainly due to a mix of legislation, the strengthening of the Personal Injuries Assessment Board, PIAB, and the promotion of its board, which made it a strong option to engage with. Insurance companies, their practices and how they dealt with different claims have also fed into the decrease. I support Senator Buttimer's comments.

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