ICF deficit fell €50m after Quinn Insurance payment
The payment, which was made in January, resulted in the fund’s overall deficit dropping to €811 million
The deficit in the state’s Insurance Compensation Fund (ICF) fell by almost €50 million last year as a result of a €106 million repayment from the administrators of Quinn Insurance. The payment, which was made in January, resulted in the fund’s overall deficit dropping to €811 million, according to figures published by the Department of Finance last week.
However, the outstanding balance owed by failed insurers still stood at more than €1.4 billion ...
