Hope for Setanta insurance customers

Consumers and small businesses left out of pocket following the collapse of Setanta Insurance will be able to claim back part of their premiums if they paid by credit card.

Mastercard has confirmed that customers who used their credit cards to purchase insurance premiums with Setanta Insurance are entitled to claim back a portion of the amount paid.

Some 75,000 Irish consumers have been left uninsured after the Malta-based parent company of Setanta Insurance went into liquidation, many believing they lost all of the money they handed over when they paid for 12 months’ cover up front.