Business
‘Not enough capital’: Insurer says government to pay for COVID-19 – Sydney Morning Herald
IAG’s chief executive Peter Harmer says the insurance industry cannot foot the bill for COVID-19.

Mr Harmer said the case was launched by the industry’s lobby group, the Insurance Council of Australia, to extinguish any lingering doubt about the validity of industry-wide pandemic exclusions.
“Its probably worth explaining why insurance policies around the world exclude things like war, terrorism and pandemics. Those events will impact many, many, many customers all at the same time,” Mr Harmer said. “Theres simply not enough capital in the insurance industry globally to be able to insure th…
-
General13 hours ago
British and US planes fly 12-hour mission to patrol Russian border
-
Noosa News16 hours ago
Warm weather could make way for rain with ‘damaging winds, large hail’
-
General15 hours ago
Young boy flown to Brisbane hospital after K’gari dingo attack
-
Noosa News23 hours ago
Brisbane muralist explains why he ended his plan to eat one chicken a day for a year