Dáil debates

Thursday, 5 July 2007

Personal Injuries Assessment Board (Amendment) Bill 2007 [Seanad]: Second Stage

 

12:00 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)

Deputies raised various points and I am endeavouring to deal with them all. Deputy Quinn raised the issue of impact and the figure of €75 million is based on a scenario where all the awards are rejected and cases proceeded with through the route identified. There is a conservative estimate that an additional cost of 39% of the award, plus up to €1,500 per case could arise. That is based on an average award of approximately €20,000. We estimate an additional cost of €9,300 per case or a total of almost €75 million per annum, which would be passed on to consumers in higher premiums.

With regard to legal matters, my Department takes on board serious legal opinion submitted to it. This Bill was published on 25 April, before the last Dáil was adjourned.

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