Insurance

Insurance reform group urges government to speed up delayed legal costs report

Alliance for Insurance Reform said businesses are waiting on the state to address how legal costs drive up insurance premiums more than ten years

Data published by The Alliance for Insurance Reform has outlined that legal fees make up 33 per cent of the total cost of litigated personal injury settlements in Ireland, which has driven increases in the cost of insurance. Picture: Getty

The Alliance for Insurance Reform has criticised the government over the delayed completion of a report into how legal costs contribute to the high insurance premiums.

As part of the Justice Plan 2022, the Department of Justice said it would undertake economic research on models to reduce legal costs and complete the work within the first half of the year.

Data published by The Alliance for Insurance Reform has outlined that legal fees make up ...