Insurers urged to settle business interruption claims
Updated / Friday, 5 Feb 2021
19:04
Court rules that pubs are entitled to insurance over Covid-19 closures
The Minister of State with responsibility for Financial Services, Credit Unions and Insurance said today s High Court judgment in a number of test cases relating to business interruption insurance claims arising from Covid-19-related disruption was lengthy and complex.
Seán Fleming said the Government s consistent view has been insurers should engage with impacted businesses honestly, fairly and professionally to honour the terms of the policy cover, in line with the Central Bank s Consumer Protection Code. Separately, the Central Bank s Business Interruption Insurance Supervisory Framework sets out its expectations of insurance firms in handling Covid-19 related business interruption insurance claims, Mr Fleming added.
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FBD s head office on the Naas Road, Dublin (Image: Colin Keegan/Collins)
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