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Legal costs in settling motor injury cases rose 22%

The data underpinned the first National Claims Information Database report published last year
The data underpinned the first National Claims Information Database report published last year

The legal costs involved in settling motor insurance injury claims through litigation rose nearly 22% between 2015 and 2018 according to new data released by the Central Bank today.

In 2015 the total legal costs in settling such claims through the courts were €92.3m.

But by 2018 that had risen to €112.3m.

Over the same period the compensation costs involved in settling such claims increased by a third from €173m to €230m.

The increases compare with a significant reduction from €8m to €2.3m in other costs involved in settling motor injury settlement claims through litigation.

Overall the total costs involved in settling such claims through the legal system rose from €273m to €345m over the same four year period.

In comparison, the total costs of settling these claims directly increased from €98m in 2015 to €109m in 2018.

While the costs of settling claims through the Personal Injuries Assessment Board fell from nearly €58m to €49m.

In December the first National Claims Information Database report looking at motor insurance was published.

The information issued today was the data that underpinned much of that report.