Motorists and businesses can expect to be paying smaller insurance premiums in the second half of this year The Junior Finance Minister has met with a number of insurance companies following the approval of new guidelines aimed at reducing the cost of personal injury claims
The Junior Finance Minister has met with a number of insurance companies following the approval of new guidelines aimed at reducing the cost of personal injury claims.
Minister Sean Fleming says insurers are indicating that they expect to reduce premiums from June onward.
Chief Executive of Insurance Ireland Moyagh Murdoch believes customers will notice a difference.
They say it would bring our compensation more inline with our European counterparts.
It comes as the Judicial Council is set to review personal injury award guidelines next month.
But is a set reduction fair? Stuart Gilhooly is a litigation solicitor and former President of the Law Society of Ireland, and Kieran was also joined by Moyagh Murdoch, the CEO if Insurance Ireland.