‘Claims culture’ could see insurance premiums rise

Consumers and businesses could be hit with higher insurance premiums if an “emerging claims culture” is not addressed, according to the Injuries Board.

However, the volume of serious injuries as a result of road traffic collisions is grossly understated, the board revealed yesterday in its annual review.

The Injuries Board saw compensation awards rise 3.9% to €218m last year, and there has been an increase of almost 25% since 2007. Motor claims alone have jumped by over 33% in the last five years.