The Motor Insurers’ Bureau of Ireland (MIBI) has welcomed the decision from the Supreme Court concerning the allocation of liabilities relating to Setanta Insurance Co. (in liquidation) Ltd (Setanta). The Supreme Court decision reverses an earlier finding by the High Court.
Speaking following the judgment, David Fitzgerald, Chief Executive of the MIBI said, “We welcome the decision made this morning and are assessing the implications of the judgment’.
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Notes for Editors:
- The Supreme Court judgment follows a two day hearing held on 24th and 25th October 2016.
- The case had previously been heard by the Court of Appeal who delivered their judgment in March 2016, while the High Court verdict was delivered in September 2015.
About The Motor Insurers Bureau of Ireland (MIBI)
The MIBI was established in 1955 by an Agreement between the Government and the companies underwriting motor insurance in Ireland for the purpose of compensating victims of road traffic accidents caused by uninsured and unidentified vehicles. All insurers underwriting motor insurance in Ireland are required to be members of the MIBI. The MIBI is funded entirely by motor insurance companies operating in Ireland and ultimately by premiums paid by all insured motorists. In the year ended December 31, 2015, the MIBI paid claims of €65m.
You can learn more by visiting www.mibi.ie