Business
Australian businesses fight insurance industry for payouts over coronavirus revenue losses – ABC News
Australian businesses are fighting their insurers for lost revenue suffered during the worst of the pandemic, but the insurance industry claims coronavirus doesn’t…
Detlef Haupt survived a near-knockout blow when the COVID-19 economic crash drained his cafe of customers and put the future of his 15-year-old business on the line.
Key points:
- Australians are battling insurers to claim pay-outs they say they are entitled to as a result of lost revenue due to COVID-19
- Some insurers are relying on fine print in policies that reference legislation that no longer exists
- The insurance industry has defended itself, saying that paying out such claims would cost $10 billion…
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