Government must commit to protecting all Setanta customers as legal cases hit roadblock – Doherty
Sinn Féin Finance Spokesperson Pearse Doherty TD has called on the government to act quickly to provide assurance that all Setanta customers will ultimately be covered by the Insurance Compensation Fund (ICF).
He raised the issue with the Taoiseach today as it emerged that solicitors and barristers acting for the Liquidator and ICF have been given time by the Court to seek assurances from government in relation to the position of Defendants who are, in theory, liable for what is not covered by the Liquidator and ICF.
Deputy Doherty said:
“The news that the legal team of the ICF and the Liquidator have called a pause to the Setanta cases is very concerning for those claimants awaiting payment and for those who, properly and legally insured at the time, now face being sued for what is not covered by the ICF and liquidation.
“The ICF can only cover 65% of a claim while the latest indications from the Liquidator suggest that the liquidation will only add another 22% to this figure. That leaves a 13% hole that claimants must go without or seek from those who are liable for the accident even though they were insured at the time.
“The draft legislation being prepared by government moves to a 100% cover regime in future cases like Setanta but for those in the current legal processes this is meaningless. That law needs to be accelerated and in the meantime the political assurances being sought by the lawyers must be given by government. The arrogant dismissal of the issue by the Taoiseach this morning helps nobody.
“Legal documents I have seen make it crystal clear that this is a political and not a legal call that needs to be made. The fair call is to protect all the claimants and customers of Setanta so that nobody is left without their entitlement to compensation or facing potentially large damages awarded against them even though they were legitimately insured at the time.”