Irish Gov't Must Act On Virus Insurance Disputes, Group Says
Law360, London (July 16, 2020, 5:30 PM BST) -- The government of Ireland has been "invisible" on the growing number of disputes between small companies and insurers over pandemic-linked business interruption claims, a campaign group said Thursday.
The Alliance for Insurance Reform said while there had been public statements from the country's Central Bank, which regulates the insurance sector, there had been no firm action.
The country is seeing more disputes between small companies forced to close during the lockdown, and insurers who say they are not liable to pay under business interruption policies.
The alliance said last month that 63% of Irish businesses that had claimed under their...
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