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

To date, FBD has paid out €10 million in interim payments since the High Court’s ruling in February after 94 per cent of its public house policyholders notified claims

Business owners awaiting pandemic payouts from FBD are facing reduced rewards as the insurer is seeking to strip the value of wage support schemes and other government assistance from the payments, the Business Post can reveal.

If FBD succeeds in the move, payouts to struggling businesses would be significantly reduced with thousands of euro wiped off their overall award. FBD declined to comment this weekend on whether the value of pandemic supports would be returned ...