Insurance Industry
Dail Éireann — 2022-04-28
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Pearse Doherty (SF), Donegal

It is actually a year this week since the Judicial Council guidelines came into effect. Awards have dropped dramatically but premiums have not. Even in motor insurance, they have not dropped to the level that we expected or, indeed, that the industry told us to expect. We are not seeing the reductions to business and community groups. It is a year on. We have been told to wait and see how it works. It is now time to get behind my legislation. The Government has stalled it for nine months. It will be before the committee next week for pre-legislative scrutiny. I am asking the Minister of State to get behind the legislation and collect the data that allows us to seek, empirically, whether the insurance industry is benefitting from the judicial guidelines that were put through by this House or whether all of that money is being passed on to consumers.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2022-04-28/debate/main
Retrieved: 2026-08-14T04:50:23+00:00
Sitting date: 2022-04-28