PIAB: The Personal Injuries Assessment Board charges a fee to insurance companies for processing personal injury claims at low cost, rather than dealing with them in court
Insurers will today signal their concern over the number of people who are declining an insurance settlement offer from the Personal Injury Assessment Board and are going to court to try and win a higher award for personal injury claims. Insurance Ireland, the industry’s lobby group, will tell the Oireachtas finance committee that the low take-up of PIAB settlement offers presents “significant uncertainties” to personal injury guidelines adopted last year to reduce the amount...
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