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Noonan’s “taskforce” on motor insurance hasn’t started looking at reasons for huge jump in premiums - Doherty

23 June, 2016 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has said he is shocked by Michael Noonan’s admission tonight that the inter-departmental group set up to look at the cost of motor insurance has not yet started looking at the issues behind the costs apart from the Setanta fallout.

Deputy Doherty said:

“I am shocked to hear that the group’s Review of Policy in the Insurance Sector has only so far dealt with the Setanta collapse issue and has not even begun to deal with the actual reasons behind the huge spike in premiums in the last couple of years. That work won’t be completed “for months” and has been given no timeframe to compete its work according to Minister Noonan tonight.

“The government is years behind public opinion on this issue. I have been calling for the government to take action for some time including through an amendment to a motion which was passed by the Dail this month. It is clear that this government is not taking the spiralling cost of car insurance seriously. The revelation by the Minister that his review/taskforce has not even begun to consider the issues behind the massive increases in premiums affecting consumers is clear evidence that the government is not taking the cost of spiralling car insurance.

“The work to prevent another Setanta is an important part of the work to fix our insurance system but the fact that has been the only issue discussed yet is shocking. Next Saturday’s (July 2nd) rally organised by the insurance campaign group Ireland Underground which we have been working closely is an opportunity for people to tell the government that it is time for action.”

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