Varadkar adds to pressure on insurers over Covid cover
Judgment opens way for about 1,300 claims from business owners, while Sinn Féin calls on Central Bank to launch tracker mortgage-style examination
Leo Varadkar has warned insurers that the Central Bank may intervene to ensure firms “get the payouts that they are entitled to” following the High Court’s landmark ruling on business interruption policies on Friday.
The Tánaiste’s comments come as the financial regulator this weekend came under increasing pressure to launch a full-scale examination similar to its probe into the tracker mortgage scandal which has cost the banks €1.5 billion to date...
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FBD seeks to deduct value of pandemic state supports from payouts
Amounts paid to struggling businesses could be significantly reduced as financial services ombudsman finds against insurer in Limerick publican case
Central Bank says it is carrying out wide-ranging review of business interruption policies
The regulator is under increasing pressure to launch a tracker mortgage-style inquiry in the wake of High Court test case ruling
Claims and counterclaims: what stakeholders make of injury awards decision
The proposed 50 per cent cut to injury awards means that continued delays in reducing premiums are highly likely to further damage the credibility of Irish insurers
Reduction in personal injury awards does not go far enough, businesses claim
Judicial Council voted to reduce minor awards while raising rate for catastrophic injuries, but did not agree to the 80 per cent reduction sought by business owners