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Uninsured drivers and MIBI

  • 10-02-2008 2:40pm
    #1
    DonJose
    Registered Users, Registered Users 2 Posts: 3,470 ✭✭✭


    The Motor Insurers’ Bureau of Ireland (MIBI) has registered judgments totalling almost €850,000 against ten uninsured drivers, in a bid to recover payouts made after accidents, writes Kieron Wood.

    The MIBI, which is funded by the insurance industry, pays out about €50 million a year to the victims of road accidents involving uninsured or untraceable drivers. The largest judgment registered in the latest batch is for €247,985 against Robert McLaughlin of Moville Road, Gleneely, Co Donegal.

    http://www.sbpost.ie/post/pages/p/story.aspx-qqqt=IRELAND-qqqm=news-qqqid=30345-qqqx=1.asp


Comments

  • #2
    Wishbone Ash
    Registered Users, Registered Users 2 Posts: 25,012 ✭✭✭✭Wishbone Ash


    DonJose wrote: »
    The MIBI, which is funded by the insurance industry
    .... funded by us - there is a levy on each premium to cover it! ;)


  • #3
    Mena
    Registered Users, Registered Users 2 Posts: 3,180 ✭✭✭Mena


    Wishbone Ash wrote: »
    .... funded by us - there is a levy on each premium to cover it! ;)

    Around €45.00 per premium per annum I think.


  • #4
    Wishbone Ash
    Registered Users, Registered Users 2 Posts: 25,012 ✭✭✭✭Wishbone Ash


    Mena wrote: »
    Around €45.00 per premium per annum I think.
    I thought it was 2%(?) of the policy cost.


  • #5
    Mena
    Registered Users, Registered Users 2 Posts: 3,180 ✭✭✭Mena


    Wishbone Ash wrote: »
    I thought it was 2%(?) of the policy cost.

    Fair enough, I was convinced I saw it here, but after re-reading the article there's no mention of it... Must be seeing things :o


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