An Ennis insurer believes all companies offering cover will have no choice other than reducing premiums by the summer.
New guidelines aimed at reducing the sums awarded to personal injury claimants were recently approved, with costs expected to reduce from June onwards.
Junior Finance Minister Sean Fleming has met with individual insurers to highlight the importance of passing on savings from personal injury claim payouts to customers.
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CEO of Munster Group Insurance in Ennis, Padraic McNicholas, believes all companies will have no choice but to reduce premiums for customers.
