Insurance

The Central Bank has proposed a ban on the practice of "price walking" in the private car and home insurance sectors. The current practice is seen as a loyalty penalty for customers who do not regularly switch their insurance provider.

The Central Bank of Ireland has published its first Employers’ Liability, Public Liability and Commercial Property Insurance Report providing key statistics on commercial insurance in Ireland. Among its key findings, the report shows that for all claims, settlements through the

The hearing to determine what losses four publicans who won test actions against FBD's failure to pay out on business disruption claims caused by Covid-19 are entitled to has opened before the High Court. The actions have been taken by Aberken, trading as Sinnott's Bar; Hyper Trust Ltd, trading as T

The Supreme Court has ordered Quinn Insurance Limited to provide €5 million in “interim security” for PricewaterhouseCoopers in order to avoid a stay on its proceedings. The ruling arose from a previous Supreme Court decision that QIL has to provide security for costs to PwC. It was

Legislation providing for a clear, statutory definition of perjury has cleared the Oireachtas and will now go to the president for his signature. The Criminal Justice (Perjury and Related Offences) Bill 2018 provides for a maximum penalty on summary conviction of a Class B fine and/or a term of impr

Legislation which would require insurance companies to explain how new personal injury guidelines have impacted their premiums has been put on hold for nine months. The Judicial Council (Amendment) Bill 2021, a private member's bill introduced by Sinn Féin TD Pearse Doherty, cleared the secon

Ultán Anderson, litigation solicitor at Leman Solicitors, explains how "cyber insurance" can help protect businesses from ransomware attacks. Unless you have been living under a rock for the past two weeks, you will have heard of the cyber attack on the HSE. A Russian gang known as ‘Wiz

The High Court has delivered a further judgment in the landmark FBD case involving publicans claiming insurance cover for losses arising from the pandemic. In this second case, the court outlined that cover would be available for partial closures of the pubs’ premises due to the pandemic, rath

The High Court has ruled that a hotel is not covered for losses from the Covid-19 pandemic under a policy of insurance. The court was asked to interpret an AXA policy which provided certain indemnities for closures resulting from specified diseases and sanitary requirements. The plaintiff also argue

International law firm DAC Beachcroft (DACB) has rolled out a series of animations explaining the insurance claims litigation process to clients in Northern Ireland. The short animations, each lasting 60-90 seconds, discuss the key stages that a litigated insurance claim can pass through from start

A private member's bill to increase penalties for fraudulent claims has been introduced to the Dáil. Independent TD Denis Naughten yesterday introduced the Civil Liability and Courts (Amendment) Bill 2021 on behalf of the nine-strong Regional Group, which believes it will help to tackle insur

Restaurants are gearing up for a court battle over insurance pay-outs linked to Covid-19 following last month's landmark ruling in favour of pub owners. The High Court last month ruled that FBD Insurance was required to cover the losses of four pub owners for the enforced closure of business during

FBD Insurance does not intend to appeal a landmark High Court ruling that four pub owners are entitled to be compensated for the disruption their businesses suffered due to the Covid-19 pandemic. In a judgment earlier this month, Mr Justice Denis McDonald said that the proper interpretation of FBD's

In a landmark judgment, the High Court has ruled in favour of four pub owners who claimed that FBD Insurance was required to cover their losses for the enforced closure of business during the coronavirus pandemic. Giving the judgment, Mr Justice Denis McDonald said that the proper interpretation of

Thousands of UK businesses will receive payouts for coronavirus-related business interruption losses after the UK Supreme Court sided with the Financial Conduct Authority (FCA) in a landmark test case. The complex 112-page judgment augurs poorly for Irish insurers in a similar test case in the Irish