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,

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

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.