Seanad debates
Thursday, 20 November 2003
Personal Injuries Assessment Board Bill 2003: Second Stage.
It is widely accepted that litigation costs add, on average, in excess of 40% to the cost of compensation. This has contributed to the high cost of insurance in this country and to the cost of claims against the growing self-insured sector, including the State itself. These costs are a threat to the health of the economy, to job security and to our competitiveness in an enlarged European market.
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