Motor Insurers’ Bureau of Ireland in appeal over Setanta liabilities

The Motor Insurers’ Bureau of Ireland has lodged an appeal to the Supreme Court over the allocation of the liabilities of Setanta Insurance which collapsed in 2014.

If it loses the appeal, motorists could face a premium of more than €50 added to their car insurance bills. The Court of Appeal ruled in March the MIBI should cover the cost of the 1,700 claims involved which total €90m.

Earlier this month, when the Supreme Court agreed to hear the appeal, it described the issue involved as “a very serious one”.