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McGrath, Michael

Wednesday, 13 March 2019

Dáil Éireann Debate
Vol. Nbr.

Business Insurance: Motion [Private Members]

I move:More Button

Before getting to the subject matter at hand, I warmly welcome students and staff from St. Peter's community school in Passage West , County Cork. It is the school I attended so I am delighted the...More Button

The focus of this motion is employer liability and public liability insurance. It is not that everything is fine in the area of motor insurance, as it certainly is not, but the focus of the motion...More Button

Any business with a significant public footfall, whether it is a pub, a nightclub, a hotel, a children's play centre or a leisure centre, is experiencing very significant increases in the cost of...More Button

This is not about preventing legitimate claims from being dealt with and of course legitimate claims must be processed on a fair and even-handed basis. We are really lacking certainty when it co...More Button

Where is the process now of setting up that judicial council? The Bill to establish that judicial council was brought forward in 2017 but it seems to be stuck in the mud somewhere since November...More Button

Where a claim is made against a business, it is hampered in its ability to defend the claim. Somebody can rock up as many as two years after an alleged event took place to submit a claim. On th...More Button

Insurance companies are not providing information to policyholders in respect of claims being made against them. That issue must be dealt with and people should have the right to know when a cla...More Button

There is also the matter of fraudulent and exaggerated claims. This is a serious problem and it must be addressed. We still do not have an insurance fraud database, which had been promised, and...More Button

Business Insurance: Motion [Private Members] (Continued)

I suspect it is because very few cases, if any, are being brought. We have brought forward our own legislation, the Civil Liability and Courts (Amendment) Bill, which provides that when fraudulent...More Button

We have no data regarding the cost of employer liability and public liability insurance. The CSO published data on motor insurance costs but there is no such data about employer and public liabi...More Button

Fianna Fáil has offered the Minister of State and this Government its complete support in respect of any measure they wish to bring forward to tackle high insurance costs so there can be no excus...More Button

There is a significant risk that many sectors are relying exclusively on one insurance provider to extend cover. If that insurance provider withdraws from the Irish market, the reality is that t...More Button

That does not prevent the Government bringing in the Judicial Council Bill.More Button

That does not block the Government bringing in the Bill.More Button

It was moved in November 2017.More Button

The Government will go to Committee Stage within the month then.More Button

Before the end of next month.More Button

The Bill will proceed to Committee Stage before the end of this month, even if the other Bill is still being debated.More Button

The Judicial Appointments Commission Bill was not blocking it then.More Button

Deputy Boyd Barrett will try to take ten.More Button

I thank all Deputies who contributed to the debate. The debate is not what is important. What is important is what follows. I want the Minister of State to use this debate as leverage to get mor...More Button

  Amendment agreed to.More Button

  Motion, as amended, agreed to.More Button

Credit Union Restructuring Board (Dissolution) Bill 2019: Second Stage (Resumed) (Continued)

I welcome the opportunity to make a contribution on the Bill. Fianna Fáil will support the legislation. I acknowledge the good work the restructuring board did in the period from 2013 to 2017, wh...More Button

This was an important initiative designed to help and protect the movement and secure its future. The reality is that post the financial crisis the nature and complexity of the regulation being ...More Button

It has to be highlighted that while the initial fund was €250 million, as the Minister of State pointed out, the amount spent from the fund was approximately €20 million. The Oireachtas Library ...More Button

Thankfully, that proved to be very wide of the mark. However, it is indicative of the thinking at that time following the collapse of the banking system which required a historic intervention by t...More Button

It should be made clear that credit union restructuring can continue. That can be done voluntarily because a statutory basis through the Credit Union Restructuring Board, or ReBo, is not require...More Button

On the various levies and funds, it would be of assistance if the Minister of State were to provide an information note to the Select Committee on Finance, Public Expenditure and Reform, and Taoi...More Button

I wish to touch on certain issues related to credit unions and relevant to the Bill. Fianna Fáil, along with others, was active in calling for changes to the long-term lending limits for credit ...More Button

It is proposed that there be a term limit of 25 years. A recent report for the Central Bank indicates that up to 80% plus of first-time buyers and 50% of second-time buyers avail of terms longer...More Button

I welcome that the review of the €100,000 share limit has commenced. Symbolically, it sent a very negative signal to the members of credit unions. It was almost a coded message that members sho...More Button

On the micro loan scheme, approximately half of credit unions provide that service. If we are serious about tackling illegal moneylending and if we wish to impose interest rate restrictions on l...More Button

As the Minister of State is aware, the financial services landscape is changing quickly. The behaviours and habits of younger people in particular represent a challenge for banks as well as cred...More Button

I look forward to a thorough discussion of the Bill section by section on Committee Stage. Fianna Fáil will support the Bill. ReBo has played an important part in helping the credit union movem...More Button