Personal injury claim payouts fall by 50%
Insurance payouts for personal injury claims have fallen by half in the past couple of months.
Ministers will be given an update on the on plans to cut the cost of premiums for consumers, with the Personal Injuries Assessment Board indicating the average payout fell by 50 percent.
New personal injuries guidelines, which reduced the amount that can be awarded for some injuries, came into effect at the end of April.
Political Correspondent Sean Defoe says it's a step towards reducing overall premiums.
"Injury guidelines were introduced on April 24th, and seem to have had an instantaneous impact on the amount of the awards that have been coming before PIAB.
"In the last 6 months a number of other initiatives have been introduced which the Tánaiste will tell his colleagues overall are bringing down the cost of payouts, which hopefully in turn will have an effect on the amount people are paying on their insurance premiums as well."
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