News & Insights
FBD trims estimate of business-interruption costs
Insurer FBD has slightly lowered its estimate of costs linked to business-interruption insurance to €42 million, from a previous figure of €43 million. The costs arise from a High Court ruling in 2021 in a test case involving four pub owners. The court ruled that the businesses were entitled to be compensated under their policies for […]
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FBD must cover publicans’ losses for early closures and closed bar areas
The High Court has ruled that FBD Insurance plc must pay publicans for losses arising from the early closures of premises which occurred from 10 August 2020 due to the Covid-19 pandemic. In a 201-page judgment, Mr Justice Denis McDonald held that the early closing requirement was a government-imposed closure and therefore fell within the ambit of FBD’s policy.
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High Court requests ‘outstanding issues’ be resolved before it determines Covid pub damages
The High Court has clarified certain issues raised in four publicans’ ongoing test actions over FBD’s failure to pay out on business disruption claims caused by the Covid-19 pandemic.
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FBD says business interruption payouts to top €183m
Final court decision expected in December for level of payouts. FBD said the frequency of motor damage and injury claims has been lower due to the restrictions on movement.
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Pass on Test-Case Benefits, Central Bank tells Insurance Companies
The Central Bank has told insurance companies not to force all holders of similar policies to take legal action in order to benefit from test cases linked to business interruption claims.
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Bar workers ‘are not specialised staff’, insurer argues in case over Covid cover
A Barrister representing FBD Insurance has said people in the bar trade “are not specialised staff” and “don’t have, in large measure, particular qualifications or education requirements”.
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More publicans come forward to complain about FBD assurance
FBD gave a series of publicans guarantees that losses incurred specifically as a result of the outbreak of Covid-19 would be covered by their business interruption policies, according to documents seen by the Business Post and the statements of several business owners. In March, the Business Post revealed that FBD had provided a written assurance to one publican […]
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