Alliance for Insurance Reform
Motor insurance claim costs up 25% in past year, Central Bank finds
Damages claims up 179% on 2015-2019 average, while inflation driving overall increase
Insurers and businesses call for injury guidelines reform as 17% rise planned
Judicial Council put forward proposal
More than two-thirds of injury claims under employers’ and public liability policies were settled through litigation
Central Bank finding comes despite law reforms designed to reduce need for legal action in such cases
Judges expected to support draft guidelines for 16.7% rise in personal injuries awards
Proposed increase reflects rise in inflation, says Judicial Council board
Why is my insurance premium rising if personal injury claims are falling?
‘The only thing increasing faster than public liability premiums has been insurer profits,’ says chief executive of Alliance for Insurance Reform
Personal injury guidelines result in sharp fall in claims
As Injuries Resolution Board report shows personal injury claims are down in most categories, the Alliance for Insurance Reform queries why insurance premiums have been increasing
Irish insurers’ profits from business coverage rebound from ‘lost decade’ of consistent losses
Central Bank of Ireland data show declining claims costs relative to premiums earned
Government urged to ‘take action’ on insurance premiums
Number of new personal injury cases down 40% in past four years and total awards down by €36m last year
Public liability insurance premiums keep rising despite drop in value of awards
Personal Injuries Assessment Board (PIAB) report found awards have fallen by an average of 40 per cent
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