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. Tomás O'Midheach:

There is a standard arbitration clause. To my knowledge, we have not invoked it with regard to the business interruption event. We did go to test cases, which are obviously transparent and publically available in terms of outcomes and the applicability of those outcomes. We have not had an arbitration on this issue because we have effectively been in court, where the issue is pressed open.