Sean’s Bar in Athlone dates back to 900 AD, when a man named Luain established an inn on the site. A regular watering hole for visiting celebrities, it has launched High Court proceedings against FBD over Covid-19 compensation.
FBD has faced backlash from customers who feel they have been cast adrift over coronavirus cover. Meanwhile, its cash reserves are likely to get stressed this year and its financial assets are down between 5 and 10 per cent. What does the future hold for FBD?
As insurers battle with industry over business interruption cover, the state has been left to effectively subsidise both through emergency wage cover. However, concerns are growing about the capacity of some insurers to weather this crisis.
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