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Reform of the Insurance Industry in Ireland

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Comments

  • Registered Users, Registered Users 2 Posts: 11,789 ✭✭✭✭BattleCorp


    jmreire wrote: »
    Thers only one thing really that you can be sure of in this case BattleCorp, and that is the insurance companys and the other "interested partys" will fight it tooth and nail every chance they get, new book or old on.:cool:

    April 24th has just been announced as the date for the new Personal Injury guidelines kicking in.


  • Closed Accounts Posts: 4,105 ✭✭✭Kivaro


    BattleCorp wrote: »
    April 24th has just been announced as the date for the new Personal Injury guidelines kicking in.
    Finally. We've waited a long time for this to happen. Now let's see if there is any teeth in the guidelines.


  • Registered Users, Registered Users 2 Posts: 11,789 ✭✭✭✭BattleCorp


    Kivaro wrote: »
    Finally. We've waited a long time for this to happen. Now let's see if there is any teeth in the guidelines.

    We won't see the effects for a good while. Anything already in the system (probably anything for which a court summons has already been issued or with PIAB for assessment) will be assessed under the old Book of Quantum or by whatever the judge decides to award.

    The new guidelines probably won't be used in court until 2021 I'd guess because if someone starts a claim now, it has to go to PIAB first for them to see if everyone consents for them to assess it, or else they can issue a release. And then it will be a long wait for a court appearance as the courts are probably years behind at this stage.

    They will probably be used by PIAB before then now that I think about it.


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