Analysis: FBD must weather increase in cost exposure to Commercial Court ruling
The insurer’s total bill from the business interruption debacle has rocketed from €54 million to €81 million in just four months
Announcing its half-year results earlier this month, FBD sought to direct investors’ attention to the approaching finishing line for the business interruption saga which has blighted its business and reputation for almost 18 months.
The group pointed to the expected ruling of the Commercial Court in December on the quantum module of a landmark case taken, and won, by four publicans against the insurer.
This ruling, FBD said, would provide “clarity” on how much it...
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