Insurers feel heat over rocketing premiums as injury awards fall
A new report shows that personal injury awards fell by 9 per cent between 2013 and 2017 while insurance costs skyrocketed by about 70 per cent over a similar period
Insurers are facing fresh demands to slash premiums and explain the soaring cost of cover, with a new report showing that personal injury awards fell by 9 per cent while insurance costs skyrocketed in recent years.
A report compiled by the Department of Justice (DoJ), which has been seen by The Sunday Business Post, showed that the total amount awarded for personal injury payouts dropped by 9.1 per cent between 2013 and 2017.
