FBD Public House Policy – Judgement (Final)
It took an inordinate length of time for FBD Insurance to confirm that liability did attach to their FBD Pubic House Policy in respect of business interruption losses that arose from the outbreak of disease [Covid19].
Even now, the final (quantum) module of the ‘test case’ has only recently been heard in the High Court and the judgement therefrom is not expected until December 2021. Insurers are continuing to reduce their liabilities by setting-off any amounts received by Policyholders from the various State supports that the Exchequer was compelled to make available to all businesses.
The Department of Finance and the Central Bank of Ireland are fully aware of FBD’s approach to these claims and we await intervention from both of these parties, in advance of any final pronouncement from the Court.