Oireachtas Joint and Select Committees

Thursday, 1 June 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Motor Insurance Costs: Minister of State at the Department of Finance

10:00 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

We met the State Claims Agency to discuss this. The Deputy knows that the Towers Watson report published in 2014 estimated the claims revision required as being between €87.7 million and €95.2 million. There will be a further actuarial report now that the judgment has been delivered and that figure might be revised. There are 1,639 outstanding third-party claims. Approximately 250 payments will be in the first tranche to be made, including in the region of 155 Personal Injuries Assessment Board, PIAB, orders to pay, 61 court awards and approximately 34 settled cases. The State Claims Agency will verify these very shortly. The accountant in the High Court office is working on a date for bringing them to the High Court. That will be done in six monthly tranches. That is how this will be rolled out.

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