Tuesday, November 26, 2013

Irish Injuries Board Releases Latest Report

Insurer-processing fees have decreased but claims are up

The Irish Injuries Board released its latest report in October 2013. The report found a significant increase in compensation received by personal injury claimants this year. From January to July 2013, 5,286 Irish citizens lodged winning claims, which was a 2 percent increase over the same period last year. The average payout increased from €21,502 to €22,349 but that figure is slightly skewed by a single payout of €976,000.

The report also found that a significant rise in the number of minor road injury claims was filed during the year. The report emphasized that there seemed to be a ‘claims culture’ reputation forming in the industry. This phenomenon is not only happening in Ireland, but around the world. People under financial pressure have been known to file some illegitimate claims in recent times.

The report additionally stated that insurer-processing fees have decreased from €850 to €600 per claim. In relation to the sums that successful claimants have received, the processing fees dropped from 9 percent to 8 percent. The Irish counties of Dublin, Carlow, Longford, Louth and Limerick had the highest proportion of payouts during the first six months of the year. An Evolution Legal spokesperson was alarmed by the increase in the number of people filing claims.

“A mixture of positive and negative points emerged from the Irish Injury Board Report. We are pleased that insurers have to pay less in order to process individual claims. However, we have been alarmed by the number of people claiming compensation after road accidents, said the representative. “We believe that more needs to be done to improve the safety of the Irish roads. It is also important for people to resist the temptation of making bogus claims. However, we will do our utmost to ensure that legitimate claims are processed quickly and fairly.”

About PersonalInjurySolicitorsDublin.info

Personal Injury Solicitors Dublin (http://www.personalinjurysolicitorsdublin.info/piab-injuries-board/) is there for you if you suffer from problems as a result of injury in an accident. Our team will be working to ensure that you obtain proper compensation.


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Website: http://www.personalinjurysolicitorsdublin.info/piab-injuries-board/

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