Central Bank ‘sitting idly by’ while publicans risk all in Covid insurance court cases
Galway pub owner says rules on test cases must change to protect plaintiffs and bring clarity for thousands of others similarly affected
When Covid-19 forced the closure of pubs across the country early last year, Brian Winters believed “common sense” dictated that his business interruption insurance policy provided cover for the “uncharted waters” he and thousands of others had been cast into.
Fourteen months on, Winters, a solicitor and owner of Charlie’s Bar in Loughrea, Co Galway, is still fighting with Zavarovalnica Sava, his Slovenian insurer, to compensate him for the losses sustained...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Injury claims system needs questioning: assessment board boss
Database shows majority of cases are going through costly litigation just to arrive at a similar outcome as those processed by the state body
Central Bank says it may look to extend pandemic insurance decisions to more businesses
The regulator will assess judgments on pandemic business interruption claims to see if they can be used to benefit customers more widely
Central Bank under pressure to adopt more proactive approach to Covid-19 insurance claims
Regulator says it expects insurers to pay the ‘reasonable costs’ of policyholders in agreed test cases, but has not defined what it considers these to be
Insurance companies which cut Covid-19 supports from payouts ‘must return money to state’
Minister Seán Fleming says government payments were made to help businesses struggling through pandemic, not to reduce liability of insurers