In a landmark judgment, the judge found that a policy sold by FBD covered losses from four pubs which were sustained by having to close due to the global health emergency.
He added that the RAI legal team will be analysing a further 140 cases next week to establish if they too could make a claim.Legal Advisors to the Restaurants Association of Ireland have reviewed hundreds of policies on behalf of our members — Adrian Cummins 🇮🇪🇪🇺 February 7, 2021 Of the 423 cases, he said the Association's legal advice was that they had a "bona fide business interruption claim".
Their lawyers claimed that under their insurance policies they were entitled to have their losses caused by the pandemic covered.
Tip of the iceberg
Leo is always good for it.
another financial crisis approaching.
So insurers will pay out about €1b on theee claims to pubs and restaurants. Total premium for all lines is €3.5b. Yes premiums are going up
While being delighted to see Insurance companies get their comeuppance, can be guaranteed all our polices will be bumped up to pay for the claims. They never lose.
Insurance will go up. 100% sure
Great. Insurance is such a scam, the payments are plenty, make them pay.
This will go to the Supreme Court or European Courts