Awards for personal injury insurance claims are set to be reduced.The Judicial Council has agreed to revise award guidelines which will pave the way for lowe.
Government called on to cap injury award levels independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.
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The Government is to press the insurance industry to reduce prices on motor and business cover following significant revision of guidelines for personal injury awards.
The chief executives of the major insurance companies will be contacted on Monday and will be asked to study the new guidelines for payments which were agreed by the country s judges today.
This afternoon, Minister for Justice Helen McEntee and Minister for State Seán Fleming said they would ensure the industry followed through on their previous statements that a reduction in awards would result in a drop in premiums.
Minister McEntee said: It is important we do see a reduction in overall insurance costs. It will be important to monitor that.
Government welcomes adoption of Personal Injuries Guidelines by Judicial Council justice.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justice.ie Daily Mail and Mail on Sunday newspapers.