'Welching' insurers must respect their customers
A woman walks past Sinnotts pub in Dublin's city centre. The High Court has ruled that four pubs owners are entitled to compensation from insurer FBD over losses suffered because of Covid-19. 'Welching' insurers must respect their customers and payout, says Adrian Cummins, chief executive of the Restaurant Association of Ireland. Picture: Brian Lawless/PA Wire
The definition of welching is to fail to honour a debt or obligation incurred through a promise or agreement.
This sums up the situation with regards to insurance companies failing to pay out business-interruption claims to restaurant and hospitality businesses due to the Covid-19 pandemic.
