Insurers facing new round of legal action as more businesses sue over Covid
Latest test cases could have implications for thousands of struggling Irish businesses
Insurers are facing a fresh wave of litigation over their refusal to pay out on Covid-19 business interruption claims, as policyholders plot new test cases that could have implications for thousands of ailing businesses across the country.
The move by hospitality firms, in particular, to secure payouts which could help them stay in business amid the ongoing impact of the Covid-19 pandemic comes as the Business Post has seen further evidence of insurers deducting the...
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
Covid insurance claims: ‘I would like to see the Central Bank back the small guy’
As the Central Bank remains silent on pandemic insurance claims, company owners are looking in frustration at Britain, where business interruption claims are being supported far more robustly by the state regulator
Company Watch: FBD fights shy of making dividend payout promises
The insurer’s top executives made sure to tread carefully in fielding shareholder requests at its agm last week
Insurers put ‘on notice’ over state support deductions to payouts
Seán Fleming, the minister of state with responsibility for insurance at the Department of Finance, said he wanted insurers to know that the government was moving to address the issue
FBD has set aside €65 million for Covid-19 business interruption claims
The company put the money aside for claims made under its pub policies to cover its exposure, Tomás O'Midheach, the FBD chief executive, has said