80,000 road accident claims paid in 2004

INSURANCE companies paid out claims for more than 80,000 road accidents in 2004, according to figures from the Financial Regulator.

In a report on motor insurance, the regulator said there were 80,100 claims made in 2004.

It said that while the majority of these were for road accidents that happened that year, some payments might have been outstanding for the previous four years.