IAG appeals second COVID-19 BI test case ruling

Insurer Insurance Australia Group Ltd. and two policyholders have filed separate applications with the High Court of Australia to appeal parts of the recent ruling in the second of two COVID-19 business interruption insurance test cases, Asia Insurance Review reported. While the latest judgment upheld insurers’ arguments, finding insurers not liable to indemnify the policyholders in most cases, IAG, with its recent appeal, is looking to clarify whether JobKeeper payments should be considered while calculating BI insurance payouts for policyholders.