According to a new report by the Injuries Resolution Board, the volume of public liability insurance claims has fallen by 40% over recent years.
Between 2019 and 2023, both the number of claims and the average compensation value have fallen, with the total value of annual awards in 2023 nearly €20 million lower than 2019, falling from €52.7 million to €33.2 million.
Claims in cafés, hotels, and restaurants fell by 52%, claims related to shops decreased 44%, and sports and athletic areas saw a 38% reduction. Jerry spoke to Brian Hanley, CEO of the Alliance for Insurance Reform.
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