Business
Insurers pin hope on two words in COVID test case – The Australian Financial Review
Insurers are pinning their hopes on the interpretation of two words in business interruption policies, as they attempt to get out of a potentially crippling cla…
Appearing before the NSW Court of Appeal, the Insurance Council of Australia’s counsel argued that this mistaken reference was indeed an error.
Its not a pretty sight not to know of what happened in terms of the public law of the country in a relevant respect,” said Brett Walker SC, representing the Insurance Council.
Its not uncommon in insurance, interjected one of the judges.
Its not uncommon in the world, alas, but its still not a pretty sight,” said Mr Walker.
But he went on to argue th…
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