On 2 March 2016, the Court of Appeal released its judgments in the case of The Law Society of Ireland v The Motor Insurers' Bureau of Ireland  IECA 60. The MIBI had appealed the High Court ruling that it was liable to pay out in respect of claims against persons who were insured with Setanta at the time of its entry into liquidation. The appeal was unanimously rejected. On the same day, Insurance Ireland released a statement reiterating its concerns that liquidation has become a viable option for imprudent insurers and its call for urgent legislative change on this issue. According to Insurance Ireland, the judgment will result in adding €90m in costs to the insurance sector; impacting pricing and creating uncertainty for the sector and customers.