Claims body needs ‘radical powers’ to slash costs

THE new Personal Injuries Assessment Board (PIAB) could cut legal costs by €220 million per year – provided it is given the most radical powers possible, the Irish Insurance Federation has told the Government.

As Tánaiste Mary Harney is putting the finishing touches to the planned PIAB, the insurers have urged her not to engage in half measures but to give the new body the widest possible remit from day one.

In a special submission to the Enterprise Department, the IIF proposes that the PIAB deal with all motor, employers’ liability and public liability injury claims.