Insurance (Houses of the Oireachtas)

Insurance - Costs - issues relating to

Sitting date: 25/10/2017
[Written Answers]...his views on the continuing rise of taxi insurance; and his further views on proposals in this regard (details supplied). [Q. No(s) 247 to Minister for Transport, Tourism and Sport ]

Insurance - Costs - issues relating to

Sitting date: 25/10/2017
[Written Answers] A prohibition on the transfer of all Small Public Service Vehicle (SPSV) licences was first introduced in the Taxi Regulation Act 2013, on foot of an action in the Taxi Regulation Review Report, which was published in 2011. The rationale for the measure was that a licence should i...

Insurance - Costs - issues relating to

Sitting date: 24/10/2017
[Written Answers] Following the publication of the Report on the Cost of Motor Insurance in January 2017, the Cost of Insurance Working Group commenced its examination of the cost of business insurance, in particular employer liability (EL) and public liability (PL). This work is being done in para...

Insurance - Costs - issues relating to

Sitting date: 24/10/2017
[Written Answers] I am aware that the livestock marts sector has encountered difficulties in relation to insurance matters, as this was the subject of a Topical Issue discussion in this House in July, and in addition, it has arisen as an issue in the course of the second phase work of the Cost of In...

Insurance - Costs - issues relating to

Sitting date: 24/10/2017
[Written Answers] The Deputy should note that in my role as Minister for Finance I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank can interfere in the provision or pricing of insurance products, as these matters are of a comm...

Insurance - Costs - issues relating to

Sitting date: 24/10/2017
[Written Answers]...if his attention has been drawn to the difficulties being experienced by livestock marts as a result of hikes in insurance premiums; if he has discussed measures to tackle this issue with his Cabinet colleagues; and if he will make a statement on the matter. [Q. No(s) 6 to Minist...

Insurance - Costs - issues relating to

Sitting date: 24/10/2017
[Written Answers]...the status of the second phase of the cost of insurance working group in relation to employer liability and public liability; the timeframe for the working group to come forward with recommendations; and if he will make a statement on the matter. [Q. No(s) 25 to Minister for Fina...

Insurance - Costs - issues relating to

Sitting date: 24/10/2017
[Written Answers]...the steps he has taken regarding the rising cost of insurance in view of the fact that the insurance companies now available to the Irish market are keeping prices up at unreasonable levels; if the companies profits can be determined or controlled in view of the fact that since a...

Insurance - Coverage - availability

Sitting date: 24/10/2017
[Written Answers] At the outset, the Deputy should note that all insurers operating in the Irish market are regulated under conduct of business rules by the Central Bank. Consequently they are required to comply with the Consumer Protection Code which sets out the rights of consumers including how ...

Insurance - Coverage - availability

Sitting date: 24/10/2017
[Written Answers] I propose to take Questions Nos. 41 and 45 together. I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences...

Insurance - Coverage - availability

Sitting date: 24/10/2017
[Written Answers]...the steps that will be taken to ensure that the attention of all persons is drawn to their rights in relation to insurance claims arising from Storm Ophelia; his plans to engage with the insurance industry to ensure that the storm is not used as a cover to further increases in ho...

Insurance - Coverage - availability

Sitting date: 24/10/2017
[Written Answers]...if his attention has been drawn to the fact that residents in a housing estate (details supplied) are being refused home insurance by two major insurance companies due to flood risk; and if he will make a statement on the matter. [Q. No(s) 41 to Minister for Finance ]

Insurance - Coverage - availability

Sitting date: 24/10/2017
[Written Answers]...the consultations he has had with a group (details supplied) regarding difficulties faced by persons in Dublin 3 in relation to home insurance due to flood risks. [Q. No(s) 45 to Minister for Finance ]

Insurance - Health insurance - coverage provided

Sitting date: 24/10/2017
[Written Answers]...if he will address a matter (details supplied); and if he will make a statement on the matter. [Q. No(s) 267 to Minister for Health ]

Insurance - Health insurance - coverage provided

Sitting date: 24/10/2017
[Written Answers] It is important that a person seeking private healthcare is satisfied as to their level of cover and I would therefore encourage individuals to carefully review their private health insurance requirements when taking out, renewing, or before seeking to make a claim on their medical...

Insurance - Industry - regulation

Sitting date: 24/10/2017
[Written Answers]...his plans to review household insurance policies in view of the losses suffered by businesses and households as a consequence of Storm Ophelia; and if he will make a statement on the matter. [Q. No(s) 89 to Minister for Finance ]

Insurance - Industry - regulation

Sitting date: 24/10/2017
[Written Answers] As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, however I cannot interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies ...

Insurance - Insurance Compensation Fund - annual accounts

Sitting date: 24/10/2017
[Written Answers] The Government is very conscious of the difficulties that the delays in the Setanta liquidation process is causing for claimants who are due compensation. The Government remains committed to progressing payments of the 65% portion of settled claims to third party Setanta claimants...

Insurance - Insurance Compensation Fund - annual accounts

Sitting date: 24/10/2017
[Written Answers]...if his attention has been drawn to the fact that there is a legal pause in cases related to a company (details supplied) due to the fact solicitors and barristers acting on behalf of the ICF are seeking government assurance in relation to the position of uninsured defendants. [Q....

Insurance - Motor insurance - issues relating to

Sitting date: 24/10/2017
[Written Answers]...when the benefits of the review of the motor insurance sector will accrue in terms of reduced premiums; and if he will make a statement on the matter. [Q. No(s) 103 to Minister for Finance ]

Insurance - Motor insurance - issues relating to

Sitting date: 24/10/2017
[Written Answers] As you will be aware, the Cost of Insurance Working Group – which is now chaired by Minister of State Mr. Michael D'Arcy T.D. – published its Report on the Cost of Motor Insurance on 10 January 2017. The Report makes 33 recommendations with 71 associated actions to be carried out ...

Insurance - Motor insurance - regulation

Sitting date: 24/10/2017
[Written Answers] While I cannot comment on individual cases, you will be aware that the Supreme Court delivered its judgment on 25 May 2017 and overturned the previous decisions of the High Court and the Court of Appeal that the Motor Insurers’ Bureau of Ireland (MIBI) is liable in respect of third...

Insurance - Motor insurance - regulation

Sitting date: 24/10/2017
[Written Answers]...the steps his department is taking to protect a person (details supplied) who was fully insured when they were involved in a road traffic accident and are now accountable for 35% of a claim against their insurance due to the fact their insurance provider went into liquidation; an...

Insurance - Health insurance - regulation

Sitting date: 19/10/2017
[Written Answers]...if the regulations on health insurance require that a health insurance company here must take into account the number of years that a person returning here has had with an international health insurance company; and if he will make a statement on the matter. [Q. No(s) 157 to Mini...

Insurance - Health insurance - regulation

Sitting date: 19/10/2017
[Written Answers] Periods of cover on health insurance plans held outside the State are not taken into account for the purposes of waiting periods, as such plans do not comply with health insurance legislation or the key principles of community rating, open enrolment, lifetime cover and minimum bene...

Insurance - Health insurance - issues relating to

Sitting date: 17/10/2017
[Written Answers]...his views on a matter (details supplied) regarding health insurance; and if he will make a statement on the matter. [Q. No(s) 359 to Minister for Health ]

Insurance - Health insurance - issues relating to

Sitting date: 17/10/2017
[Written Answers] Periods of cover on health insurance plans held outside the State are not taken into account for the purposes of waiting periods, as such plans do not comply with health insurance legislation or the key principles of community rating, open enrolment, lifetime cover and minimum bene...

Insurance - Insurance industry - issues relating to

Sitting date: 17/10/2017
[Written Answers]...the reason the government has not agreed to cover 100% of compensation claims against persons (details supplied) ; if this means former customers are now potentially liable for partial costs of claims; if he will reconsider his approach on this issue; and if he will make a statem...

Insurance - Insurance industry - issues relating to

Sitting date: 17/10/2017
[Written Answers] Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. As you are aware, the Supreme Court delivered its judgment on 25 May 2017 a...

Insurance - Motor insurance - issues relating to

Sitting date: 12/10/2017
[Questions] There is no doubt but that we all agree that PIAB needs to be reformed and that its legislation needs to be updated. There are approximately 30,000 personal injury claims per annum of which only 12,000 go through PIAB. That indicates that there is huge room for improvement and to impro...