Page 1056 - Week 03 - Thursday, 23 March 2017

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d) and e)

The 2015-16 and 2016-17 premiums paid to the insurer are not available. The Justice and Community Safety Legislation Amendment Act 2016 (JACSLA Act) amended the Civil Law (Wrongs) Act 2002 to remove the requirement for annual reporting by insurers who carry on insurance business in relation to property in the ACT. The JACSLA commenced 29 June 2016:

Refer to the response to question 4 for details on the rationale for ceasing the insurance reporting requirements.

(9) The following values of claims paid by insurers in the ACT for the various heads of damage are provided below.

Caution should be exercised in drawing comparisons between the disaggregated value of claims paid (claims paid by the various heads of damage) provided in response to this question, with the value of claims paid as outlined in response to question 8. The data in response to this question is a subset of claims paid, and does not include some costs such claims handling expenses.

It should also be noted that:

• Treatment and Care costs comprise ‘past and future treatment care costs’; and

• Legal costs consist of ‘defendant legal costs’, ‘investigation costs’ and ‘plaintiff legal costs’, however, solicitor-client fees are not included in the data

a) 2012-13:

i.	Treatment and Care	$10.808 million;
ii.	General Damages	$19.315 million;
iii.	Economic Loss	$10.370 million;
iv.	Legal Costs	$9.567 million;

b) 2013-14:

i.	Treatment and Care	$14.672 million;
ii.	General Damages	$23.519 million;
iii.	Economic Loss	$17.644 million;
iv.	Legal Costs	$14.244 million;

c) 2014-15:

i.	Treatment and Care	$14.186 million;
ii.	General Damages	$25.312 million;
iii.	Economic Loss	$14.153 million;
iv.	Legal Costs	$18.565 million;

d) 2015-16:

i.	Treatment and Care	$24.241 million;
ii.	General Damages	$31.563 million;
iii.	Economic Loss	$24.799 million;
iv.	Legal Costs	$26.244 million;

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