Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The Supreme Court this morning upheld an appeal by the Motor Insurers Bureau of Ireland in respect of who would foot the bill for the collapse of Setanta Insurance. It now looks like the insurance compensation fund, ICF, will have to pay the outstanding claims, of which there are more than 1,600 amounting to more than €90 million. Last June, the Government published a report on the motor insurance compensation framework which recommended that the current 65% cap on ICF payouts be increased to 100%. Will the Tánaiste give a commitment that the policyholders caught up in the Setanta collapse will receive 100% compensation in respect of their claims and that the 65% cap will be lifted immediately by way of legislation?

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