Insurers could be sued over business interruption claims

Australian insurers and brokers could face a lawsuit for the denial of COVID-19 pandemic-related business interruption claims of thousands of small businesses, including pubs, cafes, beauticians and gyms, The Sydney Morning Herald reported. The total claims could be in excess of $1 billion, a source said. These insurers and brokers include The Hollard Insurance Co. Ltd., QBE Insurance Group Ltd., Aon PLC, Steadfast Group Ltd. and CGU Insurance Ltd.

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