News & Insights
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 expected to make pre-tax profits of €70m – a significant amount of money. However, despite these profits, many people in Ireland are still hesitant to make compensation claims, including personal injury claims. This hesitancy is […]
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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.
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Insurance firms ‘are laughing’ as lawyers still blamed for high premiums
A senior personal injury lawyer and former president of the Law Society has said insurance firms “are laughing at you all” after a sharp decline in personal injury awards was not matched with a decrease in insurance premiums.
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‘Colossal’ drop in personal injury awards which fall by 42% after new guidelines
PIAB guidelines have ‘immediate and colossal’ impact on insurance payouts
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Call for super tax on insurers who are accused of turning Ireland into ‘treasure island’
Insurance companies have been accused of turning Ireland into “treasure island” with claims they are on course to make super-profits this year.
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FBD must cover publicans’ losses for early closures and closed bar areas
The High Court has ruled that FBD Insurance plc must pay publicans for losses arising from the early closures of premises which occurred from 10 August 2020 due to the Covid-19 pandemic. In a 201-page judgment, Mr Justice Denis McDonald held that the early closing requirement was a government-imposed closure and therefore fell within the ambit of FBD’s policy.
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Senator wants fines and jail time for people who make false insurance claims
Independent Senator Ronan Mullen plans to end the risk-free injuries assessment roulette wheel where lying carries no penalty.
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High Court requests ‘outstanding issues’ be resolved before it determines Covid pub damages
The High Court has clarified certain issues raised in four publicans’ ongoing test actions over FBD’s failure to pay out on business disruption claims caused by the Covid-19 pandemic.
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Payment of €2m to Setanta claimants approved by High Court
The State Liquidator and Insurance Compensation Fund (ICF) is now to be held liable for the outstanding Setanta payouts.
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Insurers warned to pass on personal injury savings to consumers
Insurance companies have been warned not to undermine the new personal injuries guidelines by settling claims for higher amounts.
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Opinion: It’s time for the insurance industry to honour its promise on lowering premiums
Jason O’Sullivan, solicitor and public affairs consultant, calls on Irish insurers to make good on their promises to lower premiums.
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‘The accident was staged’ – judge dismisses €240,000 car crash damages claim
Court accepted that a car with four people in it had been driven to a site for a staged accident where it was to be rear ended by a hire car
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