Following confirmation that an application will be made to the High Court next month for approval to pay some of the outstanding Setanta Insurance claims, Fianna Fáil Spokesperson on Finance Michael McGrath has called on the government to ensure there are no further delays and that claimants get what they are owed within weeks.
Deputy McGrath commented, “Setanta Insurance collapsed almost four and a half years ago in April 2014. Policyholders and claimants have been left in the dark since then. Claimants have feared being left short and some policyholders were told they could be held legally liable for any shortfall in the payment of claims awarded against their policy.
“Fianna Fáil has consistently highlighted this issue in the Dáil and Seanad and we have been maintained the pressure on the government to ensure that agreed claim amounts are paid in full. I welcome the news that the State Claims Agency will apply to the High Court by the end of next month for approval to pay the 35% balance that remains owing on about 900 claims. The government needs to ensure all outstanding amounts are paid without delay.
“This will still leave hundreds of claims outstanding where the claims have not yet been settled. Some of these are personal injuries claims and others are damage only claims. It is important that all involved make every effort to resolve these claims as quickly as possible so that any outstanding amounts can be paid.
“The collapse of Setanta Insurance has been a nightmare for many of those caught up in it. It is vital that the agreed outstanding payments are made without delay so that people can get on with their lives,” concluded McGrath.