“We welcome the decision in this case,” said the Director of the Alliance Peter Boland, “The current personal injury system via PIAB delivers damages well in excess of European norms to plaintiffs in a manner that’s quick and low-cost. When claims on minor injuries go to litigation, only lawyers benefit.
“Further challenges to PIAB or the Judicial Guidelines by the legal profession might well be interpreted as the pursuit of their own narrow self-interest to the detriment of their clients’ interests or those of society as a whole,” he continued.
“Equally, insurers cannot now continue to delay delivering reduced premiums. Otherwise, all the benefits of the reforms currently being processed and recent High Court decisions flow directly into their back-pockets as additional profits.
“We expect substantial reductions to the cost of liability cover and further, proportionate reductions to motor insurance costs immediately.“
The Alliance for Insurance Reform brings together 47 civic and business organisations from across Ireland, representing over 55,000 members, 700,000 employees, 622,000 volunteers and 374,000 students, in highlighting the negative impact of persistently high premia and in calling for real reforms that will quickly reduce liability and motor insurance premia to affordable levels and keep them that way.