The value of Injuries Board compensation settlements has increased by more than 8 percent according to the six-month analysis published on the Injuries Board website.
Figures recently published on the Injuries Board website have shown an increase of more than 8 percent in the value of Injuries Board compensation settlements awarded during the first six months of 2013 in comparison with the corresponding period last year.
More than €118 million was awarded in Injuries Board compensation settlement up to June 2013, compared with €109 million in 2012, with the average settlement value also increasing (by 4 percent) to €22,349 from €21,049.
The analysis also showed a major increase in the number of applications for assessment received by the Injuries Board (16,162 – up from 14,685) and the length of time it now takes for Injuries Board compensation settlements to be processed.
Explaining the increase in Injuries Board compensation settlements, Patricia Byron – CEO of the Injuries Board – said that there had been a higher than usual volume of claims for road traffic injury compensation and a few small exceptional awards – including one for €976,000.
The proportion of Injuries Board compensation settlements awarded for road traffic accidents accounted for more than three-quarters of the accepted settlements, while less than a fifth were for public liability claims, and compensation awards for injuries at work fell once again to just under a twelfth of all applications for assessment received by the Injuries Board.
One statistic that might be of concern to Ms Byron is that the number of accepted assessments made by the Injuries Board fell once again. In the first six months of 2012, 37.2 percent of proposed Injuries Board compensation settlements were accepted by plaintiffs whereas, up to June 213, that figure had declined to 32.7 percent.
Despite more than two-thirds of personal injury claims for compensation now being resolved outside of the Injuries Board process, plaintiffs are still advised to submit applications for assessment to the Injuries Board with the assistance of a solicitor to ensure that your full entitlement to personal injury compensation is accounted for.