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Insurers respond to BI defeat: QBE warns of second case, IAG enters trading halt – Breaking News – Insurance News
QBE says industry preparations are underway for a second test case over business interruption cover for COVID-19 claims after the NSW Court of Appeal yesterday ruled against insurers on wordings citing the repealed Quarantine Act.
The first case was brought by the Insurance Council of Australia (ICA) and the Australian Financial Complaints Authority (AFCA) to determine whether references to the Quarantine Act and subsequent amendments included the Biosecurity Act 2015.
QBE said today that despite…
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