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Fears That Motor Insurance Will Rise By 40%

There are fears that motor insurance costs could rise by over 40 euro for every motorist because of a High Court ruling on the collapsed Setanta Insurance.

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The court says other Irish insurers will have to cover the cost of claims against Setanta – which are worth 90 million euro.

The move may mean increased premiums for every Irish motorist but it could also mean that some insurers will be forced to pull out of Ireland altogether.

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