Oireachtas Joint and Select Committees
Wednesday, 15 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Issues: Engagement with Insurance Companies
Mr. Kevin Thompson:
We have sought be as open and transparent as we can. I return to my earlier comments. We have reserved €46 million for Covid business interruption losses, a net cost to us of €9 million, and we have made interim payments of €13 million to claimants where we have not received the full information yet. We took it upon ourselves to make sure that we softened the financial blow. We try to be transparent. Where a test case is taken, we support the test case and also from a cost point of view.
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