Though the Central Bank of Ireland (CBI) is unwilling to go whole-hog and take the insurers to court, like the UK’s FCA, it wants to keep the pressure on insurers in the dispute over business interruption insurance. That’s why yesterday the CBI released a new framework on the matter. The framework leaves the big decisions on business interruption insurance to the courts, but it firmly presses the insurers into moving the legal process forward. For starters, in the upcoming test case taken by four publicans against FBD insurance, the CBI has asked FBD to cover the publicans’ legal bills. FBD…
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