The High Court last month approved payments of more than €20 million out of the Insurance Compensation Fund to meet a 35 per cent shortfall in awards concerning motorists insured by the collapsed Malta-based insurer Setanta Insurance

The State’s Insurance Compensation Fund may have to be used to settle outstanding claims of Irish policy holders of the collapsed Danish insurer Qudos(...)

The Insurance Compensation Fund will pay in relation to 1,268 eligible claims, involving payments of €20,647,966.

The High Court has approved payments of more than €20 million out of the Insurance Compensation Fund to meet a 35 per cent shortfall in awards concern(...)

The research comes following the high profile collapse in April 2014 of Maltese based insurance company Setanta Insurance, which had sold insurance in Ireland on a freedom of services basis. Photograph: iStock

Less than half of Irish consumers switched car insurance at their last renewal date, a new survey shows, with some having a lack of knowledge as to wh(...)

The figures on the tax review come in a new document published by the Department of Finance on Tuesday

The Department of Finance paid a number of law firms more than €1 million in a nine-month period this year and last, new figures show. They also discl(...)

The Central Bank plans to split the EEA insurers into three categories, for the purposes of determining the size of each firm’s levy. Photograph: Matt Kavanagh

The Central Bank is proposing to increase the sum it charges insurers who passport into Ireland from countries in the European Economic Area to meet t(...)

The Central Bank’s move is designed to avoid a repeat of the chaos that followed the collapse of Malta-regulated Setanta Insurance in 2014 and Gibraltar’s Enterprise Insurance last year, leaving €100 million in unpaid claims. Photograph: Matt Kavanagh

Insurers authorised in other EU states who are selling motor policies here have been told by the Central Bank that they must make it clear to Irish c(...)

FBD’s  motor customers have been hit with premium rises of 50 per cent over the past three years. Photograph: Barry Batchelor/PA Wire

The issue of motor insurance was back in the news this week. On Monday, Irish-owned FBD surprised the markets by announcing a pre-tax profit of €11.4 (...)

Deloitte, liquidator of a company that provided administration services to the now defunct insurer – Setanta Insurance Services Ltd (SISL) – has published a notice calling on preferential creditors to lodge their claims by February 2nd 2017

The costs of Setanta Insurance’s liquidation process amounted to just under €6 million up to May of this year, The Irish Times has learned. This come(...)

The collapse of another European insurer – Gibraltar-based Enterprise Insurance – has again focused attention on the sustainability of the Irish motor(...)

The  Central Bank has advised Enterprise Insurance’s Irish  customers to contact their broker as soon as possible to arrange alternative cover.

Enterprise Insurance, a Gibraltar-based firm whose collapse last week has hit 14,000 Irish motor customers, has been described in court as “hopelessly(...)

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