FBD says business interruption payouts to top €183m

Final court decision expected in December for level of payouts

FBD said the frequency of motor damage and injury claims has been lower due to the restrictions on movement. Picture: PA

Insurer FBD has increased its estimate of the cost of paying out business interruptions claims due to Covid-related lockdowns from €150m to €183m.

Publishing its half-year report yesterday, the Irish insurer said the increase was primarily due to higher expected legal costs and a reassessment of the estimated amounts that will be paid to customers based on the latest available information including reopening dates of pubs.