Seanad debates
Wednesday, 5 November 2003
Insurance Industry Reform: Motion.
The board found that motor third party personal injury non-compensation costs as a percentage of compensation costs was 39.5%. Non-compensation costs for employer's liability as a percentage of compensation was 45.9% and public liability non-compensation costs as a percentage of compensation was 56.4% in 2000. These levels are clearly not sustainable and the objective of the PIAB and reforms of court procedures is designed to substantially reduce them.
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