PIAB reports €118m drop in value of personal injuries awards in last two years (via RTE.ie)

There were also major cuts in overall claims costs as a result of a reduction of 18% in the number of personal injuries claims made to PIAB last year.

This follows a reduction in 2020 of 16% and an overall drop in claims volumes in the last two years of 31%

The decreased volume in claims combined with the introduction of the Personal Injuries Guidelines in April 2021 resulted in a decrease in overall total award values in 2021 of €49 million compared to 2020 or a huge €118 million compared to 2020.

To read the full story please visit:
https://www.rte.ie/news/business/2022/0728/1312770-118m-drop-in-value-of-personal-injuries-awards/

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