Twelve insurance companies have been put on notice that they face High Court action from hundreds of restaurants and bars following Friday’s landmark judgment against FBD Insurance. The High Court ruled that four pub owners are entitled to be compensated by FBD for the disruption their businesses suffered due to the Covid-19 pandemic. Following the ruling, solicitors acting for the Restaurants Association of Ireland (RAI) wrote to insurance companies on behalf of 423 businesses seeking confirmation of indemnity and interim business interruption payments. The 12 insurance companies are: FBD, Hiscox Ireland, QBE Insurance Group, Specialist Underwriting Services, Allianz Ireland, Nationwide Broker Services, Contessa, Aviva, RSA Insurance, Citynet Insurance Brokers, AIG, and Lloyd’s Insurances. FBD said afterwards it would make interim payments on “valid” business interruption claims under its pubs policy.

Source: The Irish Times February 07, 2021 19:07 UTC