Business
ASX opens lower on new lockdowns, and insurers prepare for hit over COVID revenue losses – ABC News
Australian shares follow Wall Street lower as rising coronavirus cases and new shutdowns worry investors. Insurance Australia Group goes into a trading halt as…
Insurance Australia Group has gone into a trading halt after an Australian court ruled that two insured businesses could receive payouts for coronavirus-related losses.
Key points:
- IAG halts trade to consider court ruling as insurers face coronavirus-related claims
- Australia’s unemployment rate is estimated to rise slightly to 7.1 per cent in October
- The Australian market opens lower amid new lockdowns in South Australia and the US
The New South Wales Court of Appeal ruled in favour of the two…
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