New move could help cut car insurance premiums
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New figures on crash settlements could help to cut the cost of car insurance.
The Sunday Business Post reports that Insurance Ireland has handed over data on out-of-court payments to the Personal Injuries Commission (PIC), which is investigating the spiralling cost of premiums.
In Ireland, payouts can be up to €78,000 for serious cases, compared to just over €24,000 in the UK.
The PIC is to benchmark the figures against other countries to see if our payouts - and therefore our premiums - can be reduced.