The percentage of accepted awards made by the Injuries Board has continued to decline according to data published on injuriesboard.ie.
The six-month interim report shows that 16,162 applications for the assessment of personal injury compensation were received by the Injuries Board in the six months to June 2013. 5,286 awards by the Injuries Board were accepted during this period, for an average value of €22,349 – an acceptance rate of 32.7 percent, considerably lower than the acceptance rate of 37.2 percent for the corresponding period in 2012.
Despite the lower acceptance rate, the value of awards by the Injuries Board continues to rise. The total value of awards in the six month period (€118.14 million) was significantly higher than in the first six months of 2012 (€109.03 million) and was explained by Patricia Byron – CEO of the Injuries Board – as being due to some exceptional Injuries Boards awards – including their highest ever accepted assessment of €976,000.
Ms Byron commented that the higher volume of applications for assessment and the increased value of the awards by the Injuries Board should not be used as an excuse by insurance companies to increase their premiums. She said that preliminary figures for Quarter 3 of 2013 indicated a reduction in the number of applications for assessment received by the Injuries Board and that “a continuation of that trend could see full year volume increases being pared back to about 5% – on par with prior years”.
She added that, although there had been an increase in the value of awards by the Injuries Board, the reduction in the processing fee paid by respondents from €850.00 to €600.00 (usually paid by insurance companies on behalf of their policyholders) should more than counter the effect of the higher personal injury compensation settlements.
The majority of awards by the Injuries Board were made for injuries sustained in road traffic accidents (75.5 percent) with public liability claims for injuries sustained in places of public access accounting for 16.4 percent and compensation claims for injuries in the workplace falling once again to 8.1 percent of the awards made by the Injuries Board. The Injuries Board does not process applications for assessment when the plaintiff has sustained a loss, injury or the deterioration of an existing condition due to hospital negligence.