Business
How fine print could cost insurers $500m – The Australian Financial Review
General insurers are keen to protect their reputation after knocking back thousands of business interruption claims related to COVID-19.
The court unanimously ruled in favour of the policyholder on the basis that the reference to quarantinable diseases declared under the Quarantine Act 1908 “and subsequent amendments” could be read literally as a reference to the quarantinable diseases declared under that Act immediately before its repeal.
This was a test case supported by the Insurance Council of Australia. It is not dissimilar to a test case which was conducted in the United Kingdom on the initiative of the Financial Conduct Authority.
…
-
General17 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
Noosa News13 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General6 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General16 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba