FBD says pub court decision is limited to specific policies

The insurer has told most of its customers that their policies don‘t cover Covid-19, and is refusing to pay the plaintiffs’ full legal costs

14th February, 2021
FBD says pub court decision is limited to specific policies
Confirmation from the insurer comes as a row between FBD and the four publicans over the costs the insurer is to pay deepened last week

The majority of FBD’s business customers have no cover for losses caused by the Covid-19 pandemic and will not have any potential claims paid out, according to the insurer.

The High Court ruled in a test case earlier this month that four publicans and about 1,300 more business owners with the same policy were entitled to compensation for losses suffered as a result of the pandemic.

The ruling could have wide-ranging implications for thousands...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Insurer pulls out of Irish market after Central Bank intervention

Central Bank ‘will intervene’ in the event of unfair practices in insurance industry

Insurance Eva Short 2 weeks ago

Insurers to appoint and pay ‘independent’ experts who oversee compliance with law

Insurance Peter O'Dwyer 1 month ago

CCPC closes investigation into alleged cartel-like behaviour in insurance industry

Insurance Peter O'Dwyer 1 month ago