Insurance renewal costs expected to drop from next week
Updated / Friday, 23 Apr 2021
15:24
New judicial guidelines on personal injury awards, recently approved by the Judicial Council, take effect from tomorrow
Business Editor
Insurance reform campaigners have said they expect the cost of motor and liability insurance renewals to drop significantly from Monday.
Tomorrow will see the new judicial guidelines on personal injury awards, recently approved by the Judicial Council, take effect.
The Personal Injuries Assessment Board, which assesses all unsettled claims, will also be adopting them.
"Monday next, 26th April, the first working day following the implementation of these new guidelines, is D-Day," said Peter Boland, Director of the Alliance for Insurance Reform.