Insurance claims still in need of major reform

Government needs to follow through on tackling insurance costs

The insurance industry says average payouts in Ireland for soft-tissue injuries are about €15,000, compared with €5,000 in the UK.

The insurance industry says average payouts in Ireland for soft-tissue injuries are about €15,000, compared with €5,000 in the UK.

After a few difficult years characterised by steep losses, profit warnings and a declining share price, FBD’s full-year results on Tuesday were hugely positive.

Its pretax profit rose by 345 per cent to just under €50 million while its gross written premiums increased by 3 per cent to €372 million.

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