Friday February 28, 2020

State board gives similar payouts to courts at lower cost, insurance data shows

Average compensation received via Personal Injuries Assessment Board comes with legal fees of €753 compared with €14,700 via courts

Ian Guider

Markets Editor

16th December, 2019
Much of the increase in motor insurance premium costs was incurred after 2015, with the industry blaming fraud and higher compensation for soft tissue injuries. Picture:

Personal injury victims who settle claims using the state’s official assessment board receive almost the same amount of compensation as those who pursue claims in the courts but face significantly lower legal fees, data released by the Central Bank shows.

In the first batch of statistics from released by the National Claims Information Database, those who go through Personal Injuries Assessment Board (PIAB) to settle their case incurred legal costs of just 3...

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