PIAB | Business Post

Insurers sound alarm over claimants rejecting PIAB injury awards and going to court instead

Low take-up of PIAB settlement awards presents ‘significant uncertainties’ to personal injury guidelines intended to reduce amount paid out to claimants

Two in five organisations say insurance is threatening their future

Almost one in three said the costs are impacting their ability to grow their businesses

Waterford woman begins legal challenge to new personal injury award guidelines

Bridget Delaney’s action questions the legal basis of the guidelines, which have resulted in damages awarded being reduced by 40 per cent

PIAB ratchets up fees to offset €3.5m deficit

Personal Injuries Assessment Board says cost increase for insurers will expand service and won’t affect premiums

Business insurance market will become more competitive, industry chief says

Pressure is on courts to follow Personal Injuries Assessment Board and ‘slash’ awards, which will encourage market entrants, according to broker

‘Fabric of society’ won’t recover from Covid unless high insurance costs addressed

Alliance for Insurance Reform tells Oireachtas committee new bill to reform insurance only ‘tweaks’ existing arrangements and that reforms are happening too slowly

Isme boss claims solicitors are acting contrary to clients’ best interests in personal injury cases

If clients are receiving less compensation by litigating than by accepting a payout settlement on foot of legal advice, they are being shortchanged by their lawyers, small business group says

Law Society rejects PIAB’s criticism of solicitors in personal injury cases

Legal body said it was inappropriate for the PIAB boss to generalise about personal injury awards as ‘each case turns on its own facts’

Solicitors and insurers ‘needlessly’ reject personal injury awards, PIAB chief says

As annual report shows claims fell by €70 million last year, Rosalind Carroll warns that low acceptance rates of awards remains a problem leading to high costs and delays

Insurers put ‘on notice’ over state support deductions to payouts

Seán Fleming, the minister of state with responsibility for insurance at the Department of Finance, said he wanted insurers to know that the government was moving to address the issue

Injury claims system needs questioning: assessment board boss

Database shows majority of cases are going through costly litigation just to arrive at a similar outcome as those processed by the state body

Thousands of PIAB cases to be assessed under new guidelines

Some 19,000 cases currently with the PIAB will be subject to the revised guidelines adopted by the Judicial Council