Active BI claims may be eligible for a second claim as a result of new Level 5 restrictions

Irish business owners with active Covid-19 related business interruption (BI claims) with “Territorial Limits” may be eligible for another claim in light of the recent Level 5 restrictions imposed by the government on 21 October 2020. As part of Ireland’s “Plan for Living with COVID” Level 5 restrictions, non-essential retail and non-essential services have closed, while bars, cafes, restaurants and wet pubs can offer take-away and delivery services only (with

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Protect your home from harsh winter weather with expert tips

After an unseasonably warm September and some spectacular sunny days in October, you might have shelved your plans to prepare your home for the colder weather ahead. Don’t be fooled! With winter just around the corner, now is the time to get ready for the severe weather that can wreak havoc on your home. Each year, we see homeowners devastated by the impact of harsh winter weather. Some damage however

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Livelihoods on the line as FBD test cases loom in October

The verdict of four landmark test cases taken against FBD over its refusal to settle claims for COVID19-related business closures will have widespread ramifications for the livelihoods of many Irish business owners who were forced to close due to public health advice during the pandemic. Leinster Overview Concepts Ltd, trading as Sean’s Bar in Athlone, Co. Westmeath; Aberken, trading as Sinnotts Bar; Hibernian Way Ltd, trading as Lemon & Duke,

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New insurance legislation kickstarts industry reform

Major changes to the way insurers deal with consumer insurance contracts were brought into force on September 1 this year, paving the way for widespread industry reform. The implementation of the Consumer Insurance Contracts Act 2019 provides consumers with enhanced protection and steps out how insurers must deal with policyholders throughout their customer journey and in the event of a claim. Greater protection for consumers The Act makes provisions for

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UK High Court backs BI insurance policyholders in landmark case

Business interruption (BI) insurance policyholders affected by Covid-19 have been given a significant boost after the UK High Court found in favour of the Financial Conduct Authority’s (FCA) argument with insurers over highly contested policy wordings. The judges’ findings provide clarity around key disputed clauses and are expected to prompt the settlement of many BI claims in the aftermath of significant losses suffered as a direct consequence of the pandemic.

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