FBD braced for further costs after legal verdict on pub cases – Business Post

FBD braced for further costs after legal verdict on pub cases – Business Post

Wednesday
February 23, 2022
Trusted Business Journalism
The insurer faces having to pay compensation for losses incurred by publicans who mounted a test case after their hostelries were shuttered by the pandemic
FBD’s exposure to costs stemming from a landmark business interruption test case are likely to be further increased, after the court ruled that the insurer was not allowed to raise the issue of underinsurance in proceedings.
The Commercial Court ruled on Friday that four publicans who mounted the test case were entitled to compensation for losses incurred since August 2020 as a result of the enforced early closure of their premises by the…

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Robert Troy: ‘If someone wants to reject their award and bring it to court and the court doesn’t increase the award any further, well then, they're going to have to pay for that’
The government intends to pass legislation to gather data on how much money has been retained by insurers but not to recoup it
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Government has come under renewed pressure to recoup millions of euro deducted by insurance firms from Covid-19 compensation
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