Companies say liability insurance premiums have increased despite reforms

Alliance for Insurance Reform said personal injury damages remained the biggest component of the cost of insurance

Peter Boland, director of the Alliance for Insurance Reform said insurers are not passing on the benefits of recent reforms to liability insurance policyholders.

Premiums for liability insurance for businesses, sports organisations and charities have increased by 16% despite new rules designed to reduce the level and amount of claims.

The Alliance for Insurance Reform published the results of a survey of its members yesterday to mark the one-year anniversary of the implementation of new Judicial Guidelines for personal injury awards. The alliance said the results show clearly that the benefits of the new guidelines were not being passed on to policyholders.