Insurance industry has 'run out of excuses' for not reducing premiums 

The court found that guidelines on personal injury awards in a ruling that will affect thousands of personal injury cases currently awaiting judicial analysis. File picture

The insurance industry has “run out of excuses” not to give policyholders substantial reductions in their premiums after a landmark ruling in the Supreme Court.

The court found that guidelines on personal injury awards, voted into force by Ireland's judges three years ago, are legally binding and remain in force, in a ruling that will affect thousands of personal injury cases currently awaiting judicial analysis.