There has been a sharp fall in the number and the value of claims paid out by the State’s Personal Injuries Assessment...
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Collaborative Crackdown on Insurance Fraud Eyes Personal Injury Schemes in Ireland
A Memoranda of Understanding, signed by Minister Jennifer Carroll MacNeill and key insurance stakeholders, targets fraudulent personal injury claims like exaggerated injuries and staged accidents, aiming to alleviate inflated premiums borne by policyholders due to such deceptive practices.
Government told to act to stop ‘insurers pocketing savings from lower pay-outs’
Campaigners say insurance companies have failed to pass on any benefit to their customers of a reduction in court pay-outs,...
Uncovering the Real Reason for the Recent 5% Drop in Car Insurance Prices: What’s Behind the Trend?
Discover how the introduction of new guidelines has forced insurance companies to lower car insurance prices, and learn how to make a claim for compensation in this evolving landscape.
Motor insurance companies ‘can do more’ to bring down prices – Insurance minister
Motor insurance premiums fell by just 5% in the first six months of last year.
FBD trims estimate of business-interruption costs
Insurer FBD has slightly lowered its estimate of costs linked to business-interruption insurance to €42 million, from a...
‘Taken for a ride’ – Cost of car insurance premiums on the rise again despite fall in claims costs
The most recent report from the PIAB, the average personal injury award by PIAB between January and June 2022 was €14,786, some 38pc lower than before the guidelines were implemented.
Opinion: Compensation Claims and FBD’s expected pre-tax profits of at least €70m in 2022
In recent years, insurance companies in Ireland have been making bumper profits, and FBD is no exception. The company is...
Insurers blame claimants rejecting awards for small fall in motor premiums
More people are rejecting insurance settlement offers from the State’s Personal Injury Assessment Board in the hope of getting a larger award in courts.