An appeal by the Motor Insurers Bureau of Ireland (MIBI) against a High Court ruling that it must pay out on outstanding claims following the collapse of the Setanta Insurance Company two years ago has opened before the Court of Appeal.
The MIBI is appealing Mr Justice John Hedigans finding that it was liable to pay out in respect of claims against persons who were insured with Setanta at the time of its liquidation.
The case has important implications for motor insurance premiums as well as parties involved in claims concerning Setanta.
After Setantas liquidation, approximately 1,750 claims by and against Setanta policyholders remain.
Opening the appeal, Paul Gallagher, counsel for the MIBI, said the case raised a very important issue…
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