Dáil Thursday 29 September 2016 at 12:35

Insurance costs and budget

Summary

Deputy Moynihan linked promised finance legislation to the insurance crisis and asked whether the budget would address rising premiums. The Chair ruled the question outside promised legislation, and the Tánaiste replied that insurance is being examined by a task force and is an urgent finance priority.

Michael Moynihan Fianna Fáil

The budget will be introduced on 11 October and a finance Bill will be introduced shortly thereafter. There is a crisis in all sectors of the insurance industry. Yesterday, for example, the Restaurants Association of Ireland raised the spiralling costs of insurance and we hear hourly about cases involving car, house or business insurance. Some of the underwriters-----

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Seán Ó Fearghaíl An Ceann Comhairle Fianna Fáil

Does the Deputy's question relate to promised legislation?

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Michael Moynihan Fianna Fáil

Yes, it relates to the finance Bill. Will something be done in the budget to address insurance costs and sort out the insurance industry?

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Frances Fitzgerald The Tánaiste Fine Gael

The Deputy's question did not deal with legislation but what will be in the budget. A task force is working on the issue of insurance, which is an urgent priority for the Minister for Finance.

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