Vol. 432 No. 4
70 Mr. Yates asked the Minister for Enterprise and Employment the proposals, if any, he has to reduce car insurance costs, with particular reference to the capping of claims; the proposals, if any, the Government have in this regard; and if he will make a statement on the matter.
In the context of increasing employment, I am concerned at the adverse impact which the present level of liability and motor insurance costs has on the business environment. Personal injury compensation contributes significantly to these costs. As the Deputy will be aware from recent comments made by me, ways and means of reducing some elements of personal injury compensation costs are being considered in consultation with relevant Government Departments and other interests.
Should the Government adopt specific proposals in this regard such proposals will be announced in due course.
