Insurance

Analysis: Will the Supreme Court’s injury cost ruling pave the way for premium cuts?

Brian Hanley, the chief executive officer of the Alliance for Insurance Reform, said there was ‘no excuse now’ for the sector not to reduce costs

It remains unclear whether the Supreme Court’s decision will lead to lower insurance premiums

Today’s landmark Supreme Court decision cementing the reduction of personal injury awards will have come as a relief to the government.

Last week, government ministers rushed to put out fires following a Central Bank of Ireland (CBI) report indicating that premiums had soared in spite of injury claim awards falling.

Dara Calleary, the junior enterprise minister, insisted that that the government were in fact holding the insurance industry’s feet to the flames over their costs, ...