PIAB four times cheaper than court

NEW research shows that the Personal Injuries Assessment Board is able to provide the same level of compensation to accident victims three times faster and four times cheaper than the old litigation system in the courts.

PIAB chairwoman Dorothea Dowling said the report showed that PIAB achieved a minimum saving of 88% in costs as it established a fixed-cost regime which averaged just €1,330 per claim.

Similar claims before the Circuit Court in the past averaged €7,223 and €28,553 in the High Court.