FBD could have to pay out tens of millions more than expected following publicans’ test case

The cost of business interruption claims may far exceed what FBD expected as it has not yet reached any agreement with its reinsurers

14th April, 2021
FBD could have to pay out tens of millions more than expected following publicans’ test case
The High Court ruled earlier this year that four publicans and about 1,100 more business owners with the same policy were entitled to compensation for losses suffered as a result of the pandemic

Business interruption claims stemming from a landmark test case could cost FBD tens of millions of euro more than expected as it is yet to reach any agreement with its reinsurers on the amount they are to pay, the Business Post can reveal.

Earlier this year, the High Court ruled in a test case that four publicans and about 1,100 more business owners with the same policy were entitled to compensation for losses...

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