Court approves State fund's €3.29m payment for claims against collapsed motor insurer Setanta

It is the eighth such payment out of the State’s Insurance Compensation Fund since 2016.

The €3.29m payment approval was sought to meet the cost of 129 third party claims against the insurer.

A further payment of €3.29m out of the State’s Insurance Compensation Fund concerning personal injury claims against collapsed Maltese-registered motor insurer Setanta has been approved by the High Court.

The €3.29m sum includes a sum of €1.97 million for third party legal costs. The remainder comprises some €1.06m in awards, orders to pay and agreement settlements; some €224,000 in minor court awards and some €35,581 in property damage.