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Businesses say State must intervene on insurance

 

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Finance Minister Paschal Donohoe (Brian Lawless/PA)

Finance Minister Paschal Donohoe (Brian Lawless/PA)

Finance Minister Paschal Donohoe (Brian Lawless/PA)

Government has been called on to intervene in the Covid-19 insurance crisis which is seeing some insurers refusing to pay out to firms on their business interruption cover.

The Alliance for Insurance Reform wants Finance Minister Paschal Donohoe to call in insurers to resolve the stand-off.

Pub owner groups, the Licensed Vintners' Association (LVA) and the Vintners' Federation of Ireland (VFI) say insurers are refusing to honour 'business interruption' cover they took out as an add-on to the property damage cover.