News & Insights
Pass on Test-Case Benefits, Central Bank tells Insurance Companies
The Central Bank has told insurance companies not to force all holders of similar policies to take legal action in order to benefit from test cases linked to business interruption claims.
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Insurance industry must be fair if it wants fairness
A damning report by the Central Bank of Ireland reveals, many insurance companies are ripping off their most loyal customer
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Bar workers ‘are not specialised staff’, insurer argues in case over Covid cover
A Barrister representing FBD Insurance has said people in the bar trade “are not specialised staff” and “don’t have, in large measure, particular qualifications or education requirements”.
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Premiums? Why the ball is firmly in the insurer’s court
Until recently Irish awards for the bread and butter of personal injury claims – soft tissue injuries like whiplash – were notoriously high (an average of roughly €23,000 in 2018).
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Shocking: Central Bank report proves more compensation by not using PIAB
Settlements through the litigated channel are significantly higher than settlements through PIAB or direct claims.
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Time for the Government to come down heavily on insurers for not passing on cuts
There is no evidence yet that insurance costs are falling.
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Average personal injury payouts decrease by 50pc in last number of months, Cabinet ministers to be told
New compensation laws came into place on April 24 of this year. Personal injury payouts have halved since the new laws kicked in.
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More publicans come forward to complain about FBD assurance
FBD gave a series of publicans guarantees that losses incurred specifically as a result of the outbreak of Covid-19 would be covered by their business interruption policies, according to documents seen by the Business Post and the statements of several business owners. In March, the Business Post revealed that FBD had provided a written assurance to one publican […]
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Insurers not Telling the Full Story
PIAB and the Courts Service showing no significant change in the number of claims.
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