On 5 October, the revised Book of Quantum, which sets out the general guidelines for the amounts that may be awarded or assessed for personal injury claims, was published. Minister of State for Financial Services, Eoghan Murphy TD welcomed this publication but warned that a revised Book of Quantum alone would not address the issue of the increased cost of motor insurance premiums. Minister Murphy is chair of the Cost of Insurance Working Group which has brought together all the relevant Departments and Offices to review the causes of rising motor insurance premiums. It is tasked by the Government to come up with both short term and long term strategies to address increasing costs. Minister Murphy was due to bring the Cost of Insurance Working Group's preliminary recommendations to the Minister for Finance by the end of October.
A link to the press statement is here.