The Governor of the Central Bank, Gabriel Makhlouf, has sent a strong message to insurance companies involved in disputes with customers over business disruption policies.
Speaking remotely to the European Financial Forum, organised by the Financial Times in partnership with IDA Ireland, the Governor said studies published by the bank had made clear "cases where valid cover exists." "The UK courts have been clear with you.
And now the Irish courts have been clear with you. Any continuing failure to do the right thing by your customers is inexcusable and we won't hesitate to take action accordingly," Gabriel Makhlouf added.