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QBE to appeal court's ruling on BI test case

Business interruption

Australia-based QBE Insurance Group Ltd. plans to appeal the London High Court's verdict in the U.K. Financial Conduct Authority's business interruption test case, as the ruling would expose the insurer to around $170 million in additional claims, Sydney Morning Herald reports. Ruling on the Insurance Council of Australia's test case, which was launched in August to determine if COVID-19 pandemic exclusions in business interruption policies are valid, is expected next month.

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