Washing their hands of it: insurance firms fight to avoid paying out

A number of the much-trumpeted package of measures unveiled by insurers nine days ago to help beleaguered businesses are little more than tinkering around the edges

19th April, 2020
Washing their hands of it: insurance firms fight to avoid paying out
Most standard business interruption policies in the Irish market do not support a claim for a pandemic such as Covid-19 PIcture: iStock

The insurance sector unveiled a package of measures to ease the burden of Covid-19 on business and consumers on April 10. The set of commitments had been urged by government, facilitated by the industry body Insurance Ireland, and agreed to by all the major insurers bar Aviva.

They were welcome, if overdue. Among them was a promise to reduce premiums in line with lower employers liability, public liability and commercial motor insurance risks and a commitment...

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