The insurance industry’s “watershed moment” is currently underway in the Supreme Court as it hears the contentious case of whether the coronavirus pandemic can be exempt from certain infectious diseases exclusions in business interruption policies.
The Insurance Council of Australia (ICA), Hollard Insurance Company and HDI Global Specialty SE have each submitted pleadings to the Supreme Court of New South Wales as it seeks to establish whether ambiguous wordings in business interruption policies are in favour of claimants or the insurers.
Read the full article in Insurance Business magazine here.
