Supreme Court decision on Setanta Insurance Claims

On the 25th May 2017, the Supreme Court ruled that the Insurance Compensation Fund (ICF) is liable for monies owed to claimants following the collapse of Setanta Insurance in April 2014. The ICF can only cover 65% of a claim up to a maximum of €825,000. The previous decision had ruled that the Motor Insurers’ Bureau of Ireland (MIBI) was to be held liable for the outstanding claims. This decision has been overturned by the Supreme Court ruling.