Insurance reform inaction hinders premium cuts

THE Alliance for Insurance Reform (AIR) says Government inaction on insurance reform provides insurance companies with reasons to avoid insurance premium cuts.

However, AIR has welcomed the appointment of Patricia Byron as chief executive designate to the Personal Injuries Assessment Board.

AIR chairman Gerard McCaughey said the alliance looked forward to seeing the board speedily assess uncontested personal injury claims, “thus delivering just compensation to those injured in an accident beyond their own control, while also reducing the number of unnecessary claims in the courts.”