Author Topic: insurancy type stuff.  (Read 413 times)

Online john m

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insurancy type stuff.
« on: February 10, 2020, 06:51:55 AM »
https://www.irishlegal.com/article/andrew-mckeown-beware-insurance-industry-claims

With debate raging over so-called "compensation culture", the insurance corporations blame rising premiums solely on lawyers and the courts. To mirror the famous words of Mandy Rice-Davies during the Profumo affair, they would say that, wouldn’t they?
John Farrell, head of claims at Aviva insurance, claimed that making fraudulent claims in this country is a "risk free endeavour" and that it is "too easy to go in to court, submit a fraudulent claim and literally walk out the door".
Except, of course, one must run the hazardous and exhausting gauntlet of giving viva voce evidence and undergoing cross-examination. The credibility of witnesses is then a matter for the trial judge. The reiteration that premiums are high because frauds are hoodwinking judges with exaggerated claims is baseless.
It cannot be denied that exaggerated claims have been made with regard to insurance. After all, in 2019 insurers claimed that the rate of fraudulent and exaggerated cases was approximately 20 per cent. They professed that the result of this fraud was an increase of the average insurance premium by €50.
However, Pearse Doherty TD, Sinn Féin’s finance spokesperson, struck down such unjustified figures in the course of his questioning in Oireachtas committee room 2 on 4 July 2019. It transpired that only 19 cases of suspected insurance fraud had been reported to gardaí in a six-month period, out of over 200,000 motor and liability claims insurers handle every year. The 2017 report by the Cost of Insurance Working Group, comprised of representatives of State agencies and departments, found that fraud was not a major reason why motor insurance costs had increased so sharply.


The Courts Service Annual Report 2018 has revealed a significant fall in both the number and value of personal injury awards last year. There were 22,049 personal injury cases in 2018 (down from 22,417 filed in 2017). 8,889 of these cases (including 1,338 medical negligence) were in the High Court (down from 8,909 in 2017) and 12,193 in the Circuit Court (down from 12,497 in 2017). 967 cases were filed in the District Court (down from 1,011 in 2017).
The overall awards in the High Court (including medical negligence), Circuit Court and District Court fell from €206,509,442 in 2017 to €177,068,972 in 2018, a drop of almost €29.5 million euro. Data from the Courts Service annual report highlights that costs are falling. Its figures show there was a 29 per cent drop in the aggregate value of awards made in insurance cases last year, excluding medical negligence cases.
The profits of the insurance industry in Ireland are staggering indeed. In March 2019, Minister for Justice Charlie Flanagan TD told the Dáil that the annual profits of ten major insurance companies amounted to between €6.1 million and €201 million at the end of 2017, with the total assets of insurance companies reported by the Central Bank to be €305 billion at the end of 2018.


According to Insurance Ireland, the representative body for the insurance industry, 17 insurers made profits of €125 million from motorists as premiums jumped by 70 per cent in the four years to 2016. In 2018, 8,351 personal injury awards were either accepted following a PIAB application or awarded by the Courts. The total value of all these awards, not including cases of medical negligence, came to €239 million, which is the lowest figure for the past six years, and is 28 per cent lower than the same figure in 2014.


There was barely any change in the spending by the major insurers on motor and liability claims from 2013 to 2017, despite a colossal increase of 57 per cent in premiums paid out by people and businesses. The evidence clearly shows that awards have been decreasing, and that premiums have not dropped in relation to this.
Even An Taoiseach has noted that “when we look at the numbers we see the number of claims in Ireland is roughly half what it is in England and the amount paid out in claims hasn’t gone up much in the last couple of years yet premiums have”. Such a cap, if it were to be applied, will not lead to a fairer outcome for injured persons or policy holders. As Mr Ken Murphy, director general of the Law Society of Ireland, has stated, reducing awards for personal injuries arising out of negligence “will only serve to boost the earnings of already hugely profitable companies”.


The insurance industry receives an unusual assistance from the State already. Certain categories of persons, motorists for instance, must have insurance. There must be a greater degree of transparency in the pricing of premiums, given that people are required by law to purchase certain insurance.
Greater transparency is the first step towards greater accountability. The Government voiced concern that legislation capping awards cannot be introduced constitutionally without a referendum. If transparent figures were made available, showing the precise correlation between premiums and court awards, the Oireachtas would be in a stronger position to review the most efficacious method of keeping premiums down, and to consider methods of ensuring that the level of premiums is made relational to the level of court awards and settlements actually paid out.

Offline The Liffey Lip

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Re: insurancy type stuff.
« Reply #1 on: February 10, 2020, 07:41:22 AM »
How many seats will Pearse and Co get, John? The links for the I.T. and Indo are very hard to access at times with this Corona outbreak.

Offline Rat Catcher

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Re: insurancy type stuff.
« Reply #2 on: February 10, 2020, 09:36:45 AM »
As many as FF/FG want to give them according to your conspiracy theorists.

Online john m

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Re: insurancy type stuff.
« Reply #3 on: February 10, 2020, 09:43:41 AM »
How many seats will Pearse and Co get, John? The links for the I.T. and Indo are very hard to access at times with this Corona outbreak.

33? Their massive vote has corrupted the whole election ,Their surplus are going to candidates who never shot a Prod and have nothing in common .

Offline The Liffey Lip

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Re: insurancy type stuff.
« Reply #4 on: February 10, 2020, 09:53:50 AM »
 rofl Cheers...that's lightened my mood alright. Fucking smothering with a dose here...hard to get Beechams. Can't beat the Paddy for sarcasm...

Offline silverbullet

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Re: insurancy type stuff.
« Reply #5 on: February 10, 2020, 02:41:07 PM »
How many seats will Pearse and Co get, John? The links for the I.T. and Indo are very hard to access at times with this Corona outbreak.

33? Their massive vote has corrupted the whole election ,Their surplus are going to candidates who never shot a Prod and have nothing in common .
The Shinners will be welcomed with open arms.

Offline Shallowhal

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Re: insurancy type stuff.
« Reply #6 on: February 10, 2020, 04:17:16 PM »
How many seats will Pearse and Co get, John? The links for the I.T. and Indo are very hard to access at times with this Corona outbreak.

SF have 37 seats and that's all they can fill now...could have added at least another 6 or 7 if they had have ran more candidates.

Online john m

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Re: insurancy type stuff.
« Reply #7 on: February 10, 2020, 04:21:21 PM »
How many seats will Pearse and Co get, John? The links for the I.T. and Indo are very hard to access at times with this Corona outbreak.

SF have 37 seats and that's all they can fill now...could have added at least another 6 or 7 if they had have ran more candidates.

Have they taken down the posters yet ?

Offline Shallowhal

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Re: insurancy type stuff.
« Reply #8 on: February 10, 2020, 05:42:01 PM »
I thought you were doin that?

Offline watty

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Re: insurancy type stuff.
« Reply #9 on: February 10, 2020, 06:06:16 PM »
https://www.irishlegal.com/article/andrew-mckeown-beware-insurance-industry-claims

To mirror the famous words of Mandy Rice-Davies during the Profumo affair, they would say that, wouldn’t they?
Back at ya, Mr Irish Legal News  :P

Quote
Except, of course, one must run the hazardous and exhausting gauntlet of giving viva voce evidence and undergoing cross-examination. The credibility of witnesses is then a matter for the trial judge. The reiteration that premiums are high because frauds are hoodwinking judges with exaggerated claims is baseless.
I think everyone acknowledges that insurance companies much prefer to settle out of court because legal fees are so high.  So if they get a claim for, I dunno, €20k or less, they'd be inclined to pay it.  'Some' Travellers use the same tactic and move into a famers' field and refuse to move unless they get €10k because they know it costs more than that in legal fees to get them out of the field.

Online john m

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Re: insurancy type stuff.
« Reply #10 on: February 10, 2020, 06:09:01 PM »
I thought you were doin that?

Jesus No that would be work .I got a lift home in the van .

Online Belker

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Re: insurancy type stuff.
« Reply #11 on: February 11, 2020, 06:20:35 AM »
.... Have they taken down the posters yet ?
I'm just looking out the window here in Cork South Central and all the FG posters are down as are the FF posters fer Micheal Martin, strangely the FF posters fer Micheal McGrath are still up ?? And so are the SF posters.

Online mercenary for hire

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Re: insurancy type stuff.
« Reply #12 on: February 11, 2020, 08:58:26 AM »
The perceived victors always leave up their posters for an extra day or two.And yous are the experts..betting money.

 


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