Today’s High Court decision, which found FBD must honour business interruption insurance claims brought against it by four publicans, is in a strange way the beginning of the resolution of FBD’s problems. The High Court found that FBD is liable for business interruption insurance as a result of Covid-19. The question of quantifying the losses will be dealt with at a later date. I say it’s the beginning of a resolution because, from FBD’s perspective, the judgment means it can now start to work out the bottom-line cost to its shareholders. The biggest question is over FBD’s reinsurance position. Reinsurance…

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