Last month, Public Expenditure Minister Michael McGrath said the Government was examining the question of insurers looking to deduct the value of Covid support payments to companies from their insurance payouts. Aviva Ireland CEO Declan O’Rourke said his company was “committed” to passing on savings generated from reduced awards and had already lowered premiums. Mr O’Rourke also suggested Aviva is largely untouched by Covid-related business interruption insurance concerns. Mr O’Rourke said “a relatively small number” of customers have complained over being refused over a Covid insurance claim, but most were resolved. Mr O’Midheach told the committee that FBD has paid out more than €11m in interim Covid insurance payments to affected publicans as it awaits the final resolution from the courts.

Source: Irish Examiner May 19, 2021 16:08 UTC