Update: Court ruling on collapsed insurer a good day for motorists: Jonathan Hehir

Latest: A Supreme court ruling which means the state is potentially liable for up to €90m worth of claims against collapsed insurer has been described by one insurer as a good day for Irish motorists.

Update 3.45pm: A Supreme court ruling which means the state is potentially liable for up to €90m worth of claims against collapsed insurer has been described by one insurer as a good day for Irish motorists.

Earlier today the Supreme Court overturned a finding that the Motor Insurers’ Bureau of Ireland was potentially liable for an estimated 1,750 claims - which could run to about €90m - against collapsed Maltese-registered insurance company Setanta.