Business
Insurers fail in High Court bid to avoid coronavirus payouts to businesses – Sydney Morning Herald
Insurers tried to exclude pandemics from their business interruption policies, but they made a key mistake in the fine print.
Up to 250,000 business owners have moved closer to claiming an estimated $10 billion in payouts after the High Court rejected insurers bid to shield themselves from the claims.
The firms had taken out business interruption policies that the insurers say…
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