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Insurance

State Claims Agency doubles its remits to save €4 million

It now covers bodies such as the Criminal Assets Bureau, Nama, and the Labour Court.

THE STATE CLAIMS Agency (SCA) has almost doubled the amount of bodies it covers, a move that will provide a yearly saving of €2 million to the State.

An immediate saving of €4 million has been achieved, the agency says, by providing “self-funding personal injury and third party property damage liability exposures instead of purchasing commercial insurance from private sector insurers.”

There are now 119 agencies under the remit of the SCA, an increase of 56.

Including in this is the Voluntary Hospital Group, believed to provide the bulk of the savings.

The new agencies include the Criminal Assets Bureau, the Houses of the Oireachtas Commission, the Office of the Director of Corporate Enforcement, the Insolvency Service of Ireland, the Labour Court, the Labour Relations Commission, the National Library of Ireland, the National Museum of Ireland, the National Asset Management Agency and the National Treasury Management Agency.

The full list is available here.

Read: Compensation claims against the HSE rocket to €85 million in one year >

More: Claims agency has over €1 billion in outstanding liabilities >

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