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International

Court upholds BI test case ruling in favor of insurers

February 22, 2022 Reprints

The Federal Court of Australia has upheld a previous ruling in the second business interruption test case that said that nine of 10 BI policies did not cover COVID-19 pandemic losses, Asia Insurance Review reported. This test case was undertaken to clarify the meaning of policy wordings on disease definition, COVID-19 outbreak proximity, the impact of government mandates, and other policy wording matters.

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Court upholds BI test case ruling in favor of insurers

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