Insurance amendment Bill
Deputy McGrath pressed for a promised insurance Bill to address unresolved Setanta claims and warned the draft would not fix personal liability shortfalls. The Tánaiste said work was underway but no firm date was available and he would ask the Minister to reply.
I ask the Members for their co-operation. There are quite a few offering and I am anxious to facilitate everyone, but it is a long day and we only have 15 minutes.
Comment on this
I raise the matter of the insurance (amendment) Bill in the context of the ongoing fallout from the collapse of Setanta Insurance. Almost 1,600 claims remain outstanding and policyholders now face their fourth Christmas with this issue hanging over them. In certain cases, people are being informed that they will be held personally liable in respect of any shortfalls on outstanding claims. That is ridiculous and it must be addressed. The Bill, as drafted, will not resolve the issue. We will seek to table amendments that will resolve it when the Bill comes before the House. When is the insurance (amendment) Bill being brought forward?