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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....

A young driver who had her premium hiked by €1,700 after a minor rear-ending accident has criticised her insurer for refusing to defend a personal injury claim brought following the accident.  The 23-year-old was involved in the collision last summer after the driver in front of her braked suddenly. She swerved to avoid the crash but hit the rear of the other vehicle.  There was minimal damage done to her own car and the claimant’s car had some small damage.  No ambulance or gardaí were called to the scene, but two weeks later she received a solicitor’s letter, claiming the other dr...

Share this article The country's most senior judges have voted in favour of new guidelines aimed at reducing the level of personal injury pay-outs. The 166-member Judicial Council adopted the new rules at a meeting earlier today. Proposals will go before Cabinet next week on the implementation of the guidelines. The aim is for more consistency in damages - with awards for the most severe and catastrophic injuries now set at around €550,000. The new judicial rules are set to replace the current Book of Quantum guidelines on the amounts awarded for personal injuries. The edicts will mean an o...

TDs will debate a new Sinn Féin bill in the Dáil later that would ban 'dual pricing' for insurance policies. 

A ban on ‘dual pricing’ in the insurance market will be debated in the Dáil later. TD’s will consider a Sinn Fein bill that would outlaw the practice of offering new customers better rates to those who always renew. An initial Central Bank report last year found dual pricing to be more prevalent than insurers […]