Setanta insurance claims still not settled

The claims of 1,700 policyholders caught up in the Setanta Insurance collapse in 2014 have still not been resolved, the Department of Finance has confirmed.

Fianna Fáil is demanding the Government develop what it says should be a “coherent policy on motor insurance before more claimants are left in the lurch”.

In a response to a parliamentary question from Michael McGrath, Fianna Fáil’s finance spokesman, Finance Minister Michael Noonan said he was told by Setanta’s liquidator that the number of open claims was 1,678 as of May 31 and that the claims reserves position stands at between €87.7m and €95.2m.