The chief executive of the Injuries Board has criticised suggestions by insurance brokers that premiums are to rise as a result of the current financial crisis.
Patricia Byron said it is important that cuts in insurance premiums are not reversed on the basis of what she said were tenuous or unsubstantiated links to global investment market turmoil.
The Irish Brokers Association recently predicted, that because of the financial crisis, premiums here would have to increase by up to 20%.
Ms Byron said the big drivers of insurance premiums here are claims costs, and that there has been no significant change in these costs in recent months, and therefore no justification for a premium hike.
