Dáil debates
Thursday, 28 April 2022
Ceisteanna Eile - Other Questions
Insurance Industry
9:40 am
Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source
Whatever. The issue is that they are working so well that people have seen they are getting less, and that is why there are test cases. We have had a big increase in the number of people not accepting the new reduced awards and taking their claims to court. When we have those test cases through the courts, I hope the colleagues of the Judicial Council who wrote the guidelines will implement them in full. That has slowed up the settlement of many cases in the last several months since these guidelines were brought in. It is because they are very effective and people are having difficulty accepting the lower award. I hope that will wash through the courts as quickly as possible and all the reductions promised will pass through.
On business insurance, 93% of all businesses in Ireland have a total annual insurance premium of less than €5,000.
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