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VHI faces illegal state aid investigation in Brussels


VHI faces illegal state aid investigation in Brussels
Seen & Heard: FBD paying publicans, Brexit supply gaps and Facebook lobbies Varadkar
Sun, Jan 10, 2021, 13:39
European Commission is investigating a complaint that Ireland gives illegal state aid to health insurer, VHI.
 
The European Commission is investigating a complaint that Ireland gives illegal state aid to health insurer, VHI, writes the Sunday Times. The VHI is the main beneficiary of the €760 million subsidy risk equalisation scheme that compensates insurers with a disproportionately large share of older and sicker customers.
Insurer FBD has started making redress payments to publicans it acknowledges were misled by representations the company made to them at the start of the Covid-19 pandemic, the Business Post reports. A ruling in a test case on the lengthy battle between the insurer and publicans over the terms of business interruption cover is due this week but might be delayed. ....

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Killashee hotel owner checks in with Bank of Ireland as revenues dive

The company that owns luxury hotel Killashee, a popular wedding venue in Co Kildare, is having “positive discussions” with Bank of Ireland about an extension to forbearance on its debts, following an ....

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