Seanad debates
Thursday, 26 September 2024
Motor Insurance Insolvency Compensation Bill 2024: Second Stage
9:30 am
Maria Byrne (Fine Gael) | Oireachtas source
I thank the Minister of State and the officials from the Department for coming here today. Senator Casey and the Minister of State went into the more technical elements of the Bill but it is clear that this is a good news story for motorists because regardless of where an accident happens, injured parties will receive their compensation within three months. We often see cases going on for a very long time. I appreciate the fact that this legislation represents a guarantee for motorists, which is really important. The Bill is quite technical in that it is amending older legislation but it is about protecting the driver and making sure that he or she is properly insured. It is a good news story and I thank the Minister of State and the departmental officials for all the work they have put into this legislation, including their engagement with stakeholders. I welcome the fact that they listened to and engaged with the stakeholders. In the context of insurance and claims, it is really important that the point of view of the stakeholders was taken on board. Having read the Bill and listened to the Minister of State, I am assured that the Department has tried to cover every area that needed change or support. Well done on that and I look forward to engaging further on the next Stage next week. As I said, it is a good news story and it should receive the full support of the House.
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