Business
Insurers brace for billions of dollars in COVID-19 business claims – Sydney Morning Herald
A ruling in the NSW Supreme Court of Appeal has triggered a sell-off in insurance stocks as the industry rushes to calculate its exposure.
Public-facing businesses forced to close due to lockdown restrictions, including restaurants, bars and gyms, are among those likely to have business interruption policies. A survey released in August by technology company Fivverr found one in five small businesses have lost more than $100,000 because of the pandemic.
Large businesses could also be affected, with ASX-listed entertainment group Star suing insurer Chubb over rejecting its business interruption claim. The next hearing of that case is…
-
Noosa News17 hours agoLogan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns
-
General15 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
General22 hours agoRussian strikes kill at least ten in ‘horrific attack’ on Ukraine’s capital of Kyiv
-
Business19 hours agoAiming for rock-solid retirement income? I’d buy these two ASX shares