Insurers lose High Court challenge over business insurance COVID pandemic payouts
ABCAustralia's insurance industry has lost the latest battle in an ongoing "war of attrition" between insurers and businesses that want compensation for COVID losses. Key points: The insurance industry has been denying small business claims for payouts for COVID losses It lost a test case into the issue last year It was seeking to challenge that ruling with an appeal but the High Court has knocked back that option Many Australian businesses had a type of insurance when the pandemic hit that could cover them for losses linked to an interruption to trade. 'Absolute stuff up' could cost Australian insurers $10 billion Photo shows people on bikes smiling Small business owners are vowing to "fight to the end", in an increasingly heated battle with insurance companies over pandemic payouts. "The refusal by the High Court to grant the ICA special leave to appeal does not mean that insurers will now voluntarily pay out business interruption claims," Gordon Legal's Andrew Grech said.
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Covid claims put health insurance ecosystem to test
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