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.
Court filings in the US reveal the Irish developer has reached a settlement with insurer Chubb over mammoth legal battle.
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