Oireachtas Joint and Select Committees
Wednesday, 19 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion
Mr. Anthony Brennan:
In practice, for the majority of our claims, limits apply to business interruption, so we will not deduct any State supports from them. For some larger claims with larger organisations, they may well come in. To date, we have not gone through an individual calculation of any large organisation to determine exactly what will or will not be deducted. As the representatives from FBD noted, a court case that will help to rule on some of those points is due.
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