Irish Examiner view: If personal injury claims have fallen, why are premiums still rising?

Insurance sector must not be allowed to exploit its customers

Legislation and guidelines are operating to reduce substantially both personal injury claims and the legal costs associated with them

Personal injury claims for public liability have more than halved over the past decade, while statutory reform has also ensured that payouts for such claims have dropped by more than 40%. And yet insurance premiums continue to rise.

A combination of fewer claims, lower payments, and less business activity due to Covid has combined to reduce substantially the future risk factor for insurance companies, yet they continue to fleece individuals, businesses, and charities.