Insurance

An Oireachtas committee will today begin pre-legislative scrutiny of a proposed bill aimed at enhancing transparency around the practice of insurers deducting government payments from Covid-related claims settlements. The Alliance for Insurance Reform and Insurance Ireland will be joined by Sean Fle

The Irish government should consider reviewing the flood insurance market to afford Irish home-owners the same high level of protection offered in the UK, insurance risk and commercial law firm BLM has said. A report from Gamma Location Intelligence found that almost 70,000 homes throughout Ireland

Legislation providing for a reduction in stamp duty levies on health insurance contracts has been published by the government. The Health Insurance (Amendment) Bill 2021 will reduce levies on advanced health insurance contracts to €406, a decrease of €43 compared to 2021, and on non-advanc

Insurance law specialists BLM and Clyde & Co are reportedly discussing a possible merger which would create a combined firm with annual revenue of £735 million. The firm recently entered "early-stage talks" and the details are "being kept tight by the pair's senior leadership teams", accor

Motor insurance premiums fell by seven per cent last year in the last full year before the introduction of new personal injury guidelines, according to new figures. The Central Bank's third National Claims Information Database (NCID) report on private motor insurance reveals that the average earned

A new bill will aim to "enhance transparency" around the practice of insurers deducting government payments from Covid-related claims settlements. The Department of Finance has begun drafting the Insurance (Miscellaneous Provisions) Bill, which will address insurance-related issues that have arisen

The High Court has determined that a motor insurer must provide cover for a man who was badly injured when the lifting mechanism of a lorry failed and dropped a large bin on him. The dispute came before the court as a special case pursuant to Order 34 RSC, in circumstances where two insurers could n

The Court of Appeal has dismissed an appeal by Zurich Insurance plc seeking to set aside a third party notice in personal injury proceedings where cover was denied. It had been claimed by Zurich that the dispute regarding insurance cover was “entirely different” from the personal injurie

The average fraudulent insurance claim in the UK has risen by six per cent since 2019, with figures reaching £12,000, according to the latest figures published by the Association of British Insurers (ABI). According to the figures, the number of detected fraudulent claims fell to 96,000 down 1

A new Garda unit dedicated to investigating insurance fraud will be established next month, according to reports. The new Insurance Fraud Coordination Office (IFCO) will be launched in mid-September and put under the control of the Garda National Economic Crime Bureau (GNECB), the Irish Independent

A major insurance company's withdrawal from the professional indemnity insurance (PII) market for smaller law firms could be "yet another casualty of Brexit", a prominent lawyer has said. Keith Walsh, a former president of the Dublin Solicitors Bar Association (DSBA) and a current member of the Law

The Central Bank has proposed a ban on the practice of "price walking" in the private car and home insurance sectors. The current practice is seen as a loyalty penalty for customers who do not regularly switch their insurance provider.

The Central Bank of Ireland has published its first Employers’ Liability, Public Liability and Commercial Property Insurance Report providing key statistics on commercial insurance in Ireland. Among its key findings, the report shows that for all claims, settlements through the

The hearing to determine what losses four publicans who won test actions against FBD's failure to pay out on business disruption claims caused by Covid-19 are entitled to has opened before the High Court. The actions have been taken by Aberken, trading as Sinnott's Bar; Hyper Trust Ltd, trading as T

The Supreme Court has ordered Quinn Insurance Limited to provide €5 million in “interim security” for PricewaterhouseCoopers in order to avoid a stay on its proceedings. The ruling arose from a previous Supreme Court decision that QIL has to provide security for costs to PwC. It was