Policy holders to pick up Setanta tab

Thousands of policyholders left out of pocket following the collapse of Setanta Insurance will not receive any assistance from the Motor Insurance Bureau of Ireland (MIBI).

Concerns that the MIBI might not pick up the tab for third-party claims surfaced in June and the Irish Examiner has seen documents which confirm those fears.

One former policyholder faced with forking out towards the cost of a €52,000 award made against him received a letter from the MIBI effectively stating that it had no role to play.