Categories: Press Releases

by Brian Hanley

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PRESS RELEASE

7th December 2023

FOR IMMEDIATE RELEASE

  • Today’s report from PIAB makes clear what politicians and the public already knew – they are being taken for a ride by insurance companies.

Speaking about the launch of the Personal Injuries Assessment Board’s 2022 Annual Report, CEO of the Alliance for Insurance Reform, Brian Hanley said: “Today’s report from PIAB makes clear what politicians and the public already knew – they are being taken for a ride by insurance companies.

The volume of claims has plummeted in recent years, with the size of awards dropping substantially also, following the introduction of the Judicial Guidelines.

The PIAB report tells us that the total value of awards has reduced by €139 million since 2019. Surely small businesses, voluntary, sports and other organisations in our communities were entitled to see a portion of that money in the form of reduced premiums, especially for public liability. Shame on those insurers that kept it all for themselves.

—ENDS—